Wednesday, December 21, 2005

Daily Update:

YI: +3.5

A possible bottom may be here: JOSB and the XAU hourly.
Trying it's best to bottom out in this area: ACAS, CLF, GNSS, KEA, RIO, and SYMC
Now standard oversold: SPIR
Now moderately oversold: BBBY, BPOP, the BTK index, CSTR, GG, Heating Oil, IRF, MOT, MSO, NLY, PMCS, and the CXI index.
Trying to hold some rising trend line support at this level: AHO, BMY, the E-Mini 500, LMT, MFE, MO, MSCC, NEM, NST, PDE, PEG, SPIR, SU, the XOI index, and YHOO
Now attempting to hold horizontal trend line support: DD
Trying to hold some falling trend line support at this point: MDC, SCHW, TSY, and WGII
Trying to hold the 28 DMA here: AMAT, EWA, GR, the IIX index, INTC, IYM, JCP, LSS, MCD, MCRS, NSC, NSM, OCR, PBY, PETM, RDC, SMH, TXU, X, XLE, XLF, and XLU
To no position for now: LSS
Moderately overbought now: MRK and SNDK
Standard overbought now: MDT and TMO
Now up against some rising trend line resistance: AMD
A break out in either direction should be on the way: DBLE and MMC
And of course as is always the case, anything posted here may be slightly or way off base...

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