Monday, November 28, 2005

Daily Update:

YI: +5

Moderately oversold now: MFE
Trying to hold some rising trend line support: The BTK index and GPC
To no position for now: AAPL, MAT, NLY, PTR, and YCC
Trying to break above some falling trend line resistance: EWU, MCD and TMO
Attempting to break above the 28 DMA: ENER
Moderately overbought now: ANH, APPB, BR, DO, DVY, EMC, EWD, EWI, EWQ, IRF, JDSU, LSS, MAT, MMC, NFI, NLY, NST, PMCS, TSY, and WTS
Overbought at this point: C, INTC, PHG, RI, WGII, and XLB
Extremely overbought now: AIG, JOSB, RMBS, and WB
Up against some rising trend line resistance here: NOK and NXL
Possible top here: ACAS, ACF, AMTD, BBBY, BHI, the BKX index, EWC, GT, PBY, PLL, RDC, RNR, QCOM, WHR, and XLP
To a sell: BA
A break out in either direction is on the way for the DRG index.
And of course, anything posted here may be more or less off base due to the sometimes imperfect nature of technical analysis...

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