Sunday, December 25, 2005

Daily Update:

YI: +4.5

Trying to bottom out at around this level: BBBY, GM, and MSO
Standard oversold at this point: ABS
Moderately oversold: ECA, MSFT, and WOR
Now trying to hold on to some rising trend line support: CAKE, MAT, MRK, and SGDE
Now trying to hold some falling trend line support: NI
Attempting to hold the 28 DMA here: EOG, EWD, and FTO
To no position for now: BMY
Now trying to break above some falling trend line resistance: ACAS, CMI, CREE, the DJ-30, ENR, FBR, IRF, IYM, NVLS, REDF, SMTC, SYMC, VIGN, and the XCI index.
Now trying to break above horizontal trend line resistance: BAC and the BKX index.
Attempting to break above the 28 DMA here: N
Moderately overbought: AIG, BMS, BMY, the BTK index, NFI, TYC, and XLB
Standard overbought: CTXS, FCX, KGC, NEM, SIFY, WY, and the XAU hourly.
Extremely overbought now: The XAU index.
Now up against some rising trend line resistance: AA, AEM, AMN, AU, BA, GT, and USU
A possible top in place at this point: CBK, HMC, and RHAT
Probable top here: RGLD
A break out in either direction is on the way: NSM
And as is always the case, anything posted here may be more or less off base.

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