Tuesday, December 6, 2005

Daily Update:

YI: +4

Trying to bottom out: ENER
Moderately oversold: ANH and JNJ
Trying to hold some rising trend line support: AMAT, CAT, CY, DD, GT, INTU, KGC, MSCC, PDG, QLGC, and SNDK
Trying to hold some falling trend line support: ARM, KEA, and SPIR
Attempting to hold the 28 DMA here: ACAS, AIG, CDE, MAT, MOT, and PBY
Trying to break above some falling trend line support: ABS, EMC, FBR, JNPR, and PETM
Moderately overbought now: CHK, DELL, ECA, EWA, EWU, FDP, and Heating Oil.
Overbought now: BHI, BR, CAKE, DO, PTR, and RHAT
Extremely overbought now: MRVL
Now up against some rising trend line resistance: AMTD, EWC, GLW, MCRS, MMC, PDE, and RI
Possible top here: CGI, EWD, EWG, LSS, NSM, NXL, and PHG
To a sell: GOOG, INTC, and NVLS
A break out in either direction is on the way: CY and DVY
There may be some more signals and or opinions later, and of course as is always the case, anything posted here may be way off base...

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