Friday, December 16, 2005

Daily Update:

YI: +3.5

Possible bottom in place: PPG
Trying to bottom out: IBM, VZ, and the XAU hourly.
Moderately oversold at this point: CDE, IBM, and N
Now trying to hold some rising trend line support: AAPL, ACF, AMAT, BGF, the Dollar, FTO, JWN, MRVL, NLY, RIO, and SNA
Now trying to hold some falling trend line support: GG and SPIR
Attempting to hold the 28 DMA here: ABX, ASA, FCX, GLD, HMC, MSCC, SWC, THQI, and WY
To no position for now: SGP
Now trying to break above some falling trend line resistance: AMN, the DJ-30, F, HLR, and NSM
Attempting to break above the 28 DMA: BMY, DBLE, MDC, and MRK
Moderately overbought at this point: DUK, POM, SPC, UST, XLU, and the XOI index.
Overbought now: BA, PG, and WTS
Extremely overbought: SEE
Now up against some rising trend line resistance: AMZN, CBK, DVY, RHAT, RI, SGP, and XRX
Possible top here: E-Mini 500, IWM, NST, the OEX index, PETM, QCOM, the S&P-500, and TRF
Probable top here: EOG, NOK, WHR, and the XNG index.
To a sell: IYM
A break out in either direction is on the way: NVLS and SGDE
Anything posted here may be off base.

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