Thursday, December 15, 2005

Daily Update:

YI: +4

To a buy: BMY and NI
Possible bottom here: KO
Trying to bottom out: JOSB and RNR
Now trying to hold on to some rising trend line support: BKS, HMY, IYM, LSS, MSO, OCR, PCU, PTR, RDC, RGLD, SNE, THQI, TZOO, VIGN, the XAU hourly, and the XAU index.
Now trying to hold some falling trend line support: ACAS and NTES
Attempting to hold the 28 DMA: HPQ and RADN
Now trying to break above some falling trend line resistance: ADP and WY
Moderately overbought: AVP, CCC, DJ, the DRG index, and MO
Overbought: DELL, EWD, EWG, and the VXO
Extremely overbought: EWJ
Now up against some rising trend line resistance: The E-Mini 500, WB, and XLP
Possible top here: ENER, EWQ, INTU, LMT, and MCRS
Probable top in place: ALEX, PHG, and SFA
A break out in either direction is on trhe way: ENR, GM, IRF, and RMBS
Anything posted here could be off base of course.

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