Thursday, December 22, 2005

Daily Update:

YI: +4

Possible bottom here: CHINA, LYO, and MOT
Trying to bottom out in this area: CDE, IBM, N, NLY, and SKS
Moderately oversold at this point: CGI, CY, ELY, EMC, GLW, QCOM, RADN, RFMD, SKS, and VIGN
Now trying to hold some rising trend line support: APPB, AVP, CMI, KGC, NI, OGE, and Q
Attempting to hold the 28 DMA here: AMZN, ASA, the DJ-30, DVY, EBAY, ERICY, FBR, HMY, IWM, the OEX index, PCU, the 4Q, TZOO, WTZ, and YHOO
To no position for now: BHI and BKS
Now trying to break above some falling trend line resistance: ARM, CHK, GG, KMX, MFE, PLT, PMCS, QLGC, RDC, TASRE, TYC, and the XAU hourly.
Attempting to break above the 28 DMA: The Dollar.
Now up against some rising trend line resistance: PHI
A possible top here: AMD and MTU
A break out in either direction is on the way: HIT
And as is always the case, anything posted here may be off base.

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