Wednesday, May 4, 2005

A quarter point here, a quarter point there, and pretty soon we will have full points on our hands!

YI: -0.5

To buy: DELL, ELY, and SWC
Possible bottom here: AHO, CDE, HUI index, PDG, TQNT, WOR, X, and the XAU index.
Trying to bottom out here: AEM, LU, LYO, MAT, and the NDX index.
Extremely oversold now: FBR
Oversold at this point: PMCS, RFMD, and USU
Moderately oversold now: AEM, ENR, NXTL, and RIG
Trying to hold some rising trend line support here: ALEX, BFLY, FDP, IRF, LSI, MRVL, SKS, and VIGN
Trying to hold some falling trend line support at this point: TLK
To hold for now: GM and RNR
Trying to break above some falling trend line resistance here: ADP, ASA, AU, CBK, DJ-30, EWQ, F, IDC, JNPR, KMX, LVLT, MRK, PNRA, SLE, and SUNW
Trying to break above the 28 day moving average: AMN, AMZN, CTXS, EELN, ELN, GM, OEX index, PPG, and the S&P-500
Moderately overbought here: BKX index, MSCC, NFI, NLY, NI, NXL, PHI, POM, TE, and WY
Up against some rising trend line resistance: BA
Break out in either direction on the way: BBBY, BMS, and the IIX index.
And as is always the case of course, anything posted here could be way off base.

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