Wednesday, December 7, 2005

Daily Update:

YI: +4.5

Trying to bottom out: ANH, KEA, NI, and NLY
Trying to hold some rising trend line support: BMS, CMI, the Dollar, INTC, PNRA, Q, SGDE, SLE, the VXO, WGII, and the XCI index.
Attempting to hold the 28 DMA: The BKX index, CDE, NST, NST, OGE, PPG, VIGN, and VZ
To no position for now: EMC and STMP
To a hold: DJ
Now trying to break above some falling trend line resistance: AHO, ARM, ASA, ELY, GM, HPQ, LYO, MDT, and NWL
Moderately overbought here: IDA and PEG
Overbought now: HMC
Extremely overbought at this point: AMTD and TIE
Now up against some rising trend line resistance: DD, EWI, IYM, and RHAT
Possible top here: Heating Oil, FTO, and GLW
Probable top here: PCU and TKR
A break out in either direction is on the way: ARM
And as is always the case of course, anything posted here may be more or less off base...

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