Friday, November 25, 2005

Daily Update:

YI : +5 again, so the market is definitely overbought here.

A Possible bottom may be here: SYMC
Moderately oversold now: SKS and TSS
Trying to hold some rising trend line support: CCC, CTXS, DD, HPQ, JCP, NWL, and PLL
To no position for now: ABY, ENR, FTO, GR, and OGE
To hold for now : SPC
Trying to break above some falling trend line resistance: BHI, CHC, DBLE, KO, RHAT, and SPC
Now attempting to break above the 28 DMA: DELL, ECA, and ENR
Moderately overbought now: ABX, BMY, CHINA, CMI, EWC, FTO, GNSS, KGC, MDC, NVLS, OXY, QLGC, SU, X, the XNG index, the XOI index, and YCC
Overbought now: The DJ-30, GT, PPG, Q, RDC, RIG, RIO, and SFY
Extremely overbought now: EBAY, IWM, the OEX index, and the S&P-500
Now up against some rising trend line resistance: GOOG, PCL, TXU, and XLU
A possible top may be here: ALEX, BKS, EOG, GG, HMY, the IIX index, MU, SNA, TKR, and WY
A probable top may be in place: AAPL, the BKX index, IYM, PNRA, and the 4Q
A break out in either direction is on the way: AHO
And as is always the case of course due to the nature of technical analysis work, anything posted here may be a little or way off base depending on market conditions and or human error.

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