Monday, December 12, 2005

Daily Update:

YI: +3.5

Possible bottom here: NFI
Trying to bottom out: CY and XMSR
Moderately oversold now: CHINA and MU
Trying to hold some rising trend line support: ABS, BPOP, EMC, GNSS, NSM, RI, SEE, SSTI, TKR, X, and XLB
Trying to hold some falling trend line support: HLR
Attempting to hold the 28 DMA: AMN, CAT, CHC, CMI, CTXS, EBAY, EWY, FBR, GE, IBM, LSI, NVLS, SBUX, SCH, SMH, STMP, TTH, TYC, and YCC
To no position for now: GLD and NVLS
Trying to break above some falling trend line resistance here: DJ, DUK, OGE, and SKS
Attempting to break above the 28 DMA: MFE
Moderately overbought now: ABX and XLE
Overbought at this point: ALEX, HMY, and RGLD
Extremely overbought now: ELN, OCR, RIG, and the XAU index.
Now up against some rising trend line resistance: ASA, BKS, and GFI
A possible top here: ABX, AEM, ASA, AU, ECA, EOG, GFI, GLD, HMY, N, NOK, PTR, RGLD, TZOO, and the XNG index.
Probable top in place: PDG and SU
To a sell: AA and the XAU index at 1 PM on Friday.
A break out in either direction is on the way: ELY
And of course as is always the case, anything posted here may be way off base...

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