Monday, October 17, 2005

Daily Update:

To a buy signal: AVP, CMI, DVY, LSI, NLY, PPG, and SNE
Possible bottom here: BBBY, E-Mini 500, IWM, IYM, KO, the NDX index, NFI, the OEX index, PCL, PEG, PLL, RFMD, TSY, WGII, and X
Trying to bottom out here: ALEX, AMCC, DO, ELY, INTU, KEA, MAGS, MVL, NWL, STX, and SVM
Oversold at this point: BMY, DUK, the MEX index, PEG, PTR, UST, the UTY index, and WY
Moderately oversold now: ABS, ACAS, CAT, CHK, ECA, ENER, EWC, EWD, FTO, HAL, QCOM, RIG, SU, TKR, and WMB
Trying to hold some rising trend line support: AHO, DYN, GFI, LYO, and TRF
Trying to hold some falling trend line support: EWI and KGC
Attempting to hold the 28 DMA: ASA, AU, BA, BFLY, EMC, and YHOO
To no position for now: BA
Trying to break above some falling trend line resistance: ACF, ADP, API, BAC, BMS, BR, DELL, FBR, GLW, MRK, MU, RADN, RGLD, SMTC, SPIR, TE, TZOO, XMSR, and the XNG index.
Attempting to break above the 28 DMA: MSCC, NVLS, and WB
Moderately overbought now: JCP and MDT
Overbought now: SBUX
And as is always the case of course, due to the nature of technical analysis work, anything posted here could be off base.

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