Friday, December 30, 2005

Daily Update:

YI: +4.5

Now trying to bottom out at this level: IRF and VZ
Moderately oversold at this point: EWU and FDP
Trying to hold some rising trend line support here: The BKX index, CSTR, FBR, the IIX index, and KMX
Now trying to hold some falling trend line support: SMH and XMSR
Attempting to hold the 28 DMA here: AMZN, BAC, BGF, the BKX index, HLR, OGE, and UST
To no position for now: Gold the bullion.
Now attempting to break above some falling trend line resistance: ABX, the Dollar, SFY, and SKS
Attempting to break above the 28 DMA: JNPR and SPIR
Moderately overbought at this point: GLD, Gold the bullion, KEA, and RADN
Overbought now: ENER
Extremely overbought: RGLD
We may have a top in place here: ASA and JCP
We probably have a top in place around this level: TRF
To a sell: SNDK
A break out in either direction is on the way: CAKE, CSTR, QLGC, RMBS, and SMTC
And as is always the case of course, anything posted here may be more or less off base.

No comments: