Friday, December 9, 2005

Daily Update:

YI: +2.5

To a buy: ARM
Possible bottom here: MDC, NLY, and TASRE
Trying to bottom out now: JNJ
Moderately oversold at this point: CY, DBLE, EWP, GPC, RIO, and RNR
Now trying to hold some rising trend line support: C, the E-Mini 500, EWG, MER, OXY, and PLT
Attempting to hold the 28 DMA: AMD, APPB, BAC, the BTK index, CREE, the DJ-30, ENR, INTC, the OEX index, PG, PMCS, SGDE, TMO, WTS, XLF, XLU, and YHOO
To no position for now: GOOG and INTC
Now trying to break above some falling trend line resistance: SNDK
Moderately overbought now: LMT
Up against some rising trend line resistance: N and SWC
Possible top here: DELL, PHI, RI, and USU
A break out in either direction is on the way: AVP and CSTR
Anything posted here may be off base.

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