Usec, Inc. (USU) may be topping out here.

Daily Update:

YI: +4.5

Trying to bottom out at this point: IBM
Now standard oversold: (correction from yesterday) JNPR
Moderately oversold: MDT
Now trying to hold some rising trend line support: ADP, IRF, and the VXO
Attempting to hold the 28 DMA here: DJ, ENER, and FXE
To no position for now: The Dollar and the XAU hourly at 3 PM yesterday.
Now trying to break above some falling trend line resistance: AMZN and the BTK index.
Attempting to break above horizontal trend line resistance: SEE
Attempting to break above the 28 DMA here: AMZN, FDP, and the Dollar.
Attempting to break above the 96 DMA here: The Dollar.
Now up against some rising trend line resistance: AMTD, the DJ-30, IYM, KMX, PTR, the S&P-500, and VZ
Moderately overbought now: CSTR, KO, MTU, PG, and SBUX
Standard overbought at this point: CBK, EWJ, EWQ, GT, PHI, THQI, and TIE
Now extremely overbought: FCX and GRZ
A possible top here: GM, N, PCU, PHI, and TKR
Probable top here: JWN and USU
And as is always the case, anything posted here may be more or less off base.

Templeton Russia Fund, Inc. (TRF) has gone parabolic.

Cleveland Cliffs, Inc. (CLF) is looking toppy here.

For Sony Corp. (SNE), taking profits may not be such a bad idea here...

Jos. A. Bank Clothiers, Inc. (JOSB) is overbought again.

Daily Update:

YI: +4.5

Moderately oversold: DELL, RADN, and XRX
Now attempting to hold some rising trend line support: DUK
Attempting to hold the 28 DMA here: Heating Oil, MCD, WMB, and XLU
To no position for now: SUN
Trying to break above some falling trendline resistance: GPC, INTU, NXL, QCOM, RHAT, and XLP
Attempting to break above the 28 DMA here: BBBY, the BKX index, CHK, HMC, PETM, and XLF
Now up against some rising trend line resistance: AMD, ASA, and MRK
Moderately overbought now: CY, ELY, LSI, SMTC, TTH, and WOR
Standard overbought now: CAT, CDE, CLG, EWD, EWI, IWM, JNPR, JOSB, and TKR
Extremely overbought at this point: EWG, MRVL, and NSC
A possible top may occur around this level: AMD, EWP, EWU, NSM, NVLS, PHG, Q, TASR, the XAU index, and XLB
Probable top here: AU, EWA, HMY, IFN, RIO, and X
To a sell here: CLF, SNE, TRF, and the XAU hourly.
And as is always the case, anything posted here may be more or less off base.

Dupont Co. (DD) is trying to put in a bottom here.

Daily Update:

YI: +3.5

A possible bottom may be in place here: DD
Trying to bottom out now: AIG, CGI, GE, MFE, SYMC, and XMSR
Moderately oversold: JNJ
Trying to hold some rising trend line support here: CPB, DBLE, EBAY, ECA, MO, NOK, RGLD, and VIGN
Trying to hold some falling trend line support: BPOP
Attempting to hold the 28 DMA here: EOG, LSS, QCOM, and RHAT
Trying to break above some falling trend line resistance here: BA, BAC, CAKE, CHC, CSCO, the DRG index, the E-Mini 500, F, JCP, OCR, PG, PPG, and TIE
Attempting to break above the 28 DMA here: GNSS, SGDE, and SIFY
Now up against some rising trend line resistance: EWA, EWQ, GRZ, and NSM
Moderately overbought here: APPB, GM, and PNRA
Standard overbought here: BMS, EWP, EWU, GYMB, JWN, and RFMD
Extremely overbought at this point: MER, PLT, and STX
A possible top may be in place now: CLF, FBR, QLGC, and RI
A break out in either direction is on the way: THQI and WHR
And as is always the case of course, anything posted here may be off base.

India Fund, Inc. (IFN) keeps chugging along, but is becoming overbought again.

Daily Update:

YI: +3

Trying to bottom out here: SGP and TZOO
Now standard oversold: The Dollar, MAT, and MFE
Now moderately oversold: JNJ, SLE, and SYMC
Now trying to hold some rising trend line support: BHI, BMY, MSO, and SNE
Now trying to hold some falling trend line support: SPIR and the XCI index.
Attempting to hold the 28 DMA here: RNR
Now attempting to break above some falling trend line resistance: ACAS, ALEX, CAT, CLG, ELY, GNSS, GOOG, NXL, QCOM, REDF, and TXU
Now up against some rising trend line resistance: IWM, RI, WGII, and the XAU index.
Now moderately overbought: ARM, PHG, UST, and XLB
Now standard overbought: CLF and USU
Now extremely overbought: ACF, HMY, and X
A possible top may be in place: IFN
A break out in either direction is on the way: DVY and NXL
And as is always the case, anything posted here may be more or less off base.

Suntech Power Holdings Co. Ltd. (STP) is looking toppy.

Daily Update:

YI: +3

To a buy: The XAU hourly at 1 PM yesterday.
A possible bottom may be here at this point: INTC
Trying to bottom out here: GR, PETM, and SPC
Extremely oversold now: XLK
Standard oversold: CGI and TZOO
Moderately oversold: CAKE and PG
Now attempting to hold on to some rising trend line support: CREE, HLR, NST, NXL, and WMB
Trying to hold falling trend line support: INTU, JNJ, and the Dollar.
Attempting to hold the 28 DMA here: The BTK index and CSCO
Trying to break above some falling trend line resistance here: ADP, KO, LSI, LYO, and MTU
Moderately overbought: ENR
Standard overbought: EWC, FXE, and NSC
A possible top may be in place at this level: ABS and MCD
Probable top here: DO, STP, SU, and WTZ
And as is always the case, anything posted here may be more or less off base.

Intel Corp. (INTC) now oversold.

Is Sunoco, Inc. (SUN) finally topping out here?

Daily Update:

YI: +2.5

Trying to bottom out at this point: BAC, IBM, INTC, and YHOO
Moderately oversold now: AIG, BA, the BKX index, C, the E-Mini 500, GE, GPC, MMC, OCR, the OEX index, the 4Q, SCHW, SMH, the VXO, WB, the XCI index, and XLF
Now attempting to hold some rising trend line support: CAT, CSTR, HIT, IWM, MFE, PHI, the 4Q, RADN, SYMC, X, the XAU index, and XLP
Now attempting to hold some falling trend line support: ACAS, the DJ-30, MOT, SBUX, and SGDE
Attempting to hold the 28 DMA here: AAPL, AHO, AMAT, BMS, CMI, DJ, ELN, EWG, GT, KMX, MSO, PLT, QCOM, SFA, SNA, SYMC, and TIE
To no position for now: TRF
Now attempting to break above some falling trend line resistance: GM, Heating Oil, SPIR, and TSS
Now up against some rising trend line resistance: GFI and MCD
Moderately overbought here: CHK and ECA
To a sell: SUN
A break out in either direction is on the way: CSTR
And as is always the case, anything posted here may be more or less off base.

Frontier Oil Corp. (FTO) looking a bit toppy here...

Daily Update:

YI: +2.5

Trying to bottom out here: DBLE
Moderately oversold now: GOOG, GR, and SPC
Now trying to hold some rising trend line support: AAPL, EWD, the IIX index, LMT, MTU, PBY, PPG, SNA, and the XCI index.
Now trying to hold some falling trend line support: KO and SMTC
Attempting to hold the 28 DMA here: EWI and FCX
To no position for now: AAPL and the XAU-hourly.
Now trying to break above some falling trend line resistance: APPB, CHC, and CSTR
Attempting to break above the 28 DMA here: TSY
Now up against some rising trend line resistance: BR, the BTK index, GLD, JDSU, NWL, RIG, and STMP
Moderately overbought now: ABS, NSC, Q, SKS, and SWC
Overbought at this point: DUK, MER, PDG, and XLE
Extremely overbought now: EOG, NVLS, PDE, and QLGC
A possible top may be forming here: PEG, RDC, TMO, WGII, and XLU
Probable top here: FTO
A break out in either direction is on the way: BGF
And as is always the case, anything posted here may be more or less off base...

Warren Buffet is pretty much on target IMHO.

By SCOTT SONNER

Wednesday, January 18, 2006 Posted at 11:52 AM EST

Associated Press

RENO, Nev. — The U.S. trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to “political turmoil,”-billionaire investor Warren Buffett warned.

“Right now, the rest of the world owns $3-trillion more of us than we own of them,” Mr. Buffett told business students and faculty Tuesday at the University of Nevada, Reno. “In my view, it will create political turmoil at some point .... Pretty soon, I think there will be a big adjustment,” he said without elaborating.

Mr. Buffett, head of Omaha, Neb.-based Berkshire Hathaway Inc., was in Reno for the opening of the company's R.C. Willey Home Furnishings store.

He spoke the same day Berkshire Hathaway disclosed its purchase of Business Wire, a privately held distributor of press releases, for an undisclosed amount.

San Francisco-based Business Wire will operate as a wholly owned subsidiary of Berkshire Hathaway, whose other holdings include the insurer Geico Corp. as well as stakes in American Express Co., Anheuser-Busch Cos. and The Coca-Cola Co. Business Wire competes with PR Newswire to distribute company regulatory filings and press releases to investors and the news media.

The U.S. trade deficit for the first 11 months of 2005 totaled $661.8-billion (U.S.), surpassing the previous annual record of $617.6-billion set in 2004. Economists say when December figures are included, the final deficit for 2005 will top $710-billion. Mr. Buffett said he expects it to top $700-billion this year.

“That's $2-billion a day,” he said. “We are like a super rich family that owns a farm the size of Texas. You sell off a little bit of the farm and you don't see it.”

Fifteen years ago, the U.S. had no trade deficit with China, he said.

“Now it's $200-billion. If we don't change the course, the rest of the world could own $15-trillion of us. That's pretty substantial. That's equal to the value of all American stock,” Mr. Buffett said.

“That's the big danger. Our national debt does not bother me. Our public debt is not at a crazy level,” he said.

Meanwhile, Mr. Buffett said U.S. companies generally are enjoying some of their best times ever.

“Profits are at close to record levels. So business in America is doing very well — better than its lower-paid workers, by some margin,” he said.

“This is a pro-business United States,” he said. “If you get a group of businessmen together, they'll complain about regulation and liability suits, all kinds of things. Some of those things they are right about and some of it they are just complaining to complain.”

U.S. corporations seem to be acting more ethically in the wake of scandals at Enron and elsewhere, but that's primarily due to bad publicity rather than new federal checks and balances, he said.

“I think corporate American to a fair degree has cleaned up its act,” he said. “The press has probably contributed very significantly to that. I think managers are behaving better because of fear rather than just becoming better managers.”

Mr. Buffett said students will have to decide personally whether a master's in business administration will benefit their careers or if they'd be better off plunging into the real world.

“The one piece of advice I can give you is, do what turns you on,” he said. “Do something that if you had all the money in the world, you'd still be doing it. You've got to have a reason to jump out of bed in the morning.”

Tyco Intl Ltd. (TYC) may be forming a bottom.

Daily Update:

YI: +4

A possible bottom may be in place here: HMC and TYC
These are trying to bottom out now: F, REDF, and TSS
Moderately oversold at this point: DBLE, LYO, PETM, and XMSR
Now trying to hold some rising trend line support: BA and SCHW
Trying to hold some falling trend line support here: EWI
Attempting to hold the 28 DMA: CLF, the E-Mini 500, the DJ-30, GOOG, IFX, the OEX index, PHI, the 4Q, the S&P-500, VZ, the XCI index, and XLK
To no position for now: The IIX index and SNE
Now attempting to break above some falling trend line resistance: JNPR, OGE, SGP, and UST
Attempting to break above the 28 DMA: BPOP, NI, and WOR
Now up against some rising trend line resistance: AU, GLW, RFMD, and RIO
Moderately overbought now: MSO and XLU
Now extremely overbought: CTXS and PEG
A possible top may be in place here: MDT
Probable top here: AMN and ENER
To a sell: The XAU hourly.
A break out in either direction is on the way: PCU
And as is always the case, anything posted here may be more or less off base.

Kinross Gold Corp. (KGC) may be topping here.

Daily Update:

YI: +3.5

A possible bottom may be in place here: AMZN and FDP
Trying to bottom out at this point: ARM, GM, SGDE, and TYC
Oversold now: INTC and YHOO
Moderately oversold: KO, MFE, MTU, REDF, TSS, the XAU hourly, and YCC
Now trying to hold horizontal trend line support: GR
Now trying to hold some rising trend line support: AHO, APPB, CMI, CSTR, the DJ-30, EWC, EWJ, IFN, JDSU, KMX, MSCC, N, SMH, and TASR
Trying to hold some falling trend line support: BA, C, MFE, and TSY
Attempting to hold the 28 DMA here: CBK, CSCO, the DRG index, ELY, EWD, EWP, EWQ, FBR, HIT, IYM, MO, SPC, UST, XLF, and XRX
To no position for now: RHAT
Now trying to break above some falling trend line resistance: ECA, Heating Oil, and the VXO
Now up against some rising trend line resistance: EOG
Moderately overbought now: CHINA
Extremely overbought here: PTR and SU
A possible top could be here: POM and the XOI index.
Probable top in place: KGC and the XNG index.
To a sell: TRF
And finally, a break out in either direction is on the way for: NST
Anything posted here may be more or less off base.

ASA Ltd. (ASA) looks toppy here.

Daily Update:

YI: +4

Standard oversold: TYC
Moderately oversold: GM, INTU, WY, and YHOO
Now trying to hold some rising trend line support: AEM, AIG, BKS, the BKX index, DELL, the E-Mini 500, JOSB, MCRS, MER, OCR, PG, PHI, and SNDK
Attempting to hold the 28 DMA here: AMD, CREE, DVY, EWL, F, GYMB, JCP, KEA, LSI, NSM, PG, RADN, RHAT, SLE, and SNA
To no position for now: PTR and TRF
To a hold for now: LYO
Now trying to break above some falling trend line resistance: GPC
Attempting to break above the 28 DMA here: CGI (corrected from last Friday), and ENR
Now up against some rising trend line resistance: GG
Moderately overbought now: HPQ
Standard overbought here: SPIR and TMO
Extremely overbought at this point: AMN, AU, FCX, and GLD
A possible top here: ABX, GFI, and the XAU index.
Probable top here: ASA
To a sell: The XAU hourly at 1 PM yesterday.
Anything posted here may be more or less off base.

Suntech Power Holdings (STP) possibly making a top in this area.

Daily Update:

YI: +4.5

To a buy: The XAU hourly at 10 AM on Friday.
Now trying to bottom out: DD
Moderately oversold at this point: ADP, ARM, AVP, BAC, GNSS, HMC, SGDE, and WHR
Now trying to hold some rising trend line support: AMD, the BTK index, CLG, DO, the E-Mini 500, ERICY, EWJ, IYM, MOT, SEE, SMTC, SPC, SWC, TSS, TZOO, WOR, YHOO, and the YI.
Trying to hold some falling trend line support: MAT
Attempting to hold the 28 DMA: CDE, CGI, JNJ, MMC, N, NOK, NWL, PETM, PHG, SIFY, WGII, XLB, and XMSR
Now trying to break above some falling trend line resistance: ACAS, DBLE, FDP, and Q
Attempting to break above the 28 DMA: ABS, BBBY, PPG, and TXU
Now up against some rising trend line resistance: ASA and WTS
Moderately overbought here: OCR and XRX
Standard overbought at this point: QLGC
A possible top here: CMI, QCOM, and STP
A break out in either direction is on the way: MSO
And as is always the case, anything posted here may be off base.

Satyam Infoway Ltd. (SIFY) is trying to hold the 28 DMA now...

Sony Corp. (SNE) looks toppy here.

Daily Update Part 2:

Trying to hold horizontal trend line support: YCC
Attempting to hold the 28 DMA: VIGN and WB
Moderately overbought: VZ
Standard overbought: The XOI index.
Extremely overbought: STP
Possible top here: THQI, WTZ, the XCI index, XLE, and XLK
Probable top here: WDC
To a sell: SNE and TRF
And as is always the case of course, anything posted here could be more or less off base depending on market conditions and other factors like human error.

Daily Update Part 1:

Trying to bottom out: AMZN
Moderately oversold: DD and PNRA
Trying to hold some rising trend line support: ABX, GLD, Heating Oil, HMC, HPQ, MTU, NOK, POM, SGP, and SLE
Trying to hold some falling trend line support: SGDE
Attempting to hold the 28 DMA: EBAY, HLR, INTC, NST, and SEE
To no position for now: IFN
Trying to break above some falling trend line resistance: BA, BGF, C, and NVLS
Now up against some rising trend line resistance: DUK and MSCC
Moderately overbought: FBR, JDSU, MCD, and MER
Overbought: AIG, GLW, IDA, NLY, PLL, QCOM, RDC, and RIO
Extremely overbought: BKS, DO, and ENER
Possible top here: ACF, ELN, IRF, LSS, MU, NSM, the 4Q, RGLD, and RMBS
Probable top here: BHI
To a sell: AAPL, the IIX index, PTR, and RHAT

Occidental Petroleum Corp. (OXY) searching for a top?

Daily Update:

YI: +5

A possible bottom in this area: BBBY
Moderately oversold at this level: AMZN
Now trying to hold some rising trend line support: AEM, AU, CTXS, GFI, GT, and WGII
Now attempting to hold some falling trend line support: EMC and INTU
Attempting to hold the 28 DMA at this point: ARM, BMY, AA, and SBUX
To no position for now: RHAT
Now trying to break above some falling trend line resistance: CHK, EOG, and TTH
Attempting to break above the 28 DMA here: JNPR
Now up against some rising trend line resistance: LSS, the OEX index, and WY
Moderately overbought here: CLF, ELY, NTES, NXL, SFY, TASR, WMB, and XMSR
Overbought now: ACF, GYMB, JWN, and WTS
A possible top at this point: GRZ, IWM, OXY, PBY, PLT, RIG, RNR, SIFY, STX, SUN, USU, and the XNG index.
A break out in either direction is on the way: ECA and the XAU hourly.
And as is always the case of course, anything posted here may be more or less off base depending on market conditions and other factors.

Templeton Russia Fund, Inc. Tippy toppy?

Daily Update:

YI: +5

Moderately oversold: BA, CGI, PNRA, and TXU
Now attempting to hold some rising trend line support: ASA, BMS, ECA, EWA, IFN, N, RI, and the XAU index.
Attempting to hold some falling trend line support: ADP and C
Now trying to break above some falling trend line resistance: JNPR and the XNG index.
Moderately overbought: CREE, GM, HLR, HPQ, MFE, MOT, and RFMD
Overbought: The BTK index, CLG, the DJ-30, PLT, SNDK, and SUN
Extremely overbought: RMBS, TKR, and WTZ
Now up against some rising trend line resistance: Gold, PBY, and RDC
A possible top here: AMN, AMTD, ANH, CAT, DVY, the E-Mini 500, ERICY, FTO, the OEX index, PTR, QCOM, RIO, SMH, SNE, and the S&P-500.
Probable top here: TRF
A break out in either direction is on the way: BKS and the XAU hourly.
Anything posted here could be more or less off base.

Bed, Bath & Beyond, Inc. (BBBY) looking for a bottom in this area.

Daily Update:

YI: +5

Trying to bottom out: BBBY and the Dollar.
Trying to hold some rising trend line support: CHK, GNSS, GPC, PETM, and RI
Trying to hold some falling trend line support: JNPR and PNRA
Attempting to hold the 28 DMA: SGP
To no position for now: F, TKR, and the XAU hourly.
To a hold: MSO
Now trying to break above some falling trend line resistance: BMY, LYO, MTU, and NTES
Attempting to break above the 28 DMA: IBM and MSO
Moderately overbought: EBAY, FTO, N, REDF, SWC, SYMC, THQI, and XLE
Overbought here: AMAT, AMN, the E-Mini 500, EWU, GRZ, GT, MCRS, MDT, MRVL, MSCC, OXY, PEG, the 4Q, the XCI index, XLF, XLK, the XNG index, and YHOO
Extremely overbought now: BHI, HIT, and LMT
Now up against some rising trend line resistance: ASA, KMX, QCOM, RGLD, RIO, SNA, and SUN
A possible top here: AHO, the BKX index, EWA, GOOG, HMY, the IIX index, PDE, SCHW, STMP, and TIE
Probable top here: AAPL
A break out in either direction is on the way: BAC, DD, and XRX
To a sell here: IFN and RHAT
Anything posted here may be more or less off base from time to time...

Alcoa Inc. (AA) seems a bit toppy at this stage...

Daily Update:

YI: +5

Moderately oversold at this point: APPB, ENR, and NSC
Now trying to hold some rising trend line support: GYMB
Attempting to hold the 28 DMA here: ALEX and XRX
To no position for now: ANH, ARM, PLL, PMCS, and RGLD
To a hold: F
Now trying to break above some falling trend line resistance: CY, FBR, NFI, PLL, QLGC, and XLU
Attempting to break above the 28 DMA now: GM, KO, and NTES
Moderately overbought at this point: ANH, ARM, CCC, CSCO, INTC, IRF, LSI, NFI, NLY, NSM, PMCS, PPG, SKS, SMTC, SPIR, and VIGN
Standard overbought here: NOK, NVLS, SMH, SNA, WGII, and X
Now up against some rising trend line resistance: The BKX index, GFI, OXY, and the XOI index.
A possible top at this point: CY and IDA
Probable top here: AA
A break out in either direction is on the way: ADP
Anything posted here may be more or less off base depending on market conditions and the accuracy of the TA work on any given day.

Because of the story below, I have decided to remove (MSFT) from the database.

Posted 1/6/2006 9:42 AM

Microsoft shutters Chinese blog with political content
BEIJING (AP) — Microsoft Corp. has shut down the Internet journal of a Chinese blogger that discussed politically sensitive issues, including a recent strike at a Beijing newspaper.
The action came amid criticism by free-speech activists of foreign technology companies that help the communist government enforce censorship or silence dissent in order to be allowed into China's market.

Microsoft's China-based Web log-hosting service shut down the blog at the Chinese government's request, said Brooke Richardson, group product manager with Microsoft's MSN online division at company headquarters in Redmond, Wash.

Timken Co. (TKR) to a sell.

Lyondell Chemical Co. (LYO) to a buy.

Daily Update:

YI: +5

To a buy: LYO
Trying to bottom out: IBM
Moderately oversold: The Dollar.
Trying to hold some rising trend line support: Gold, the bullion.
Attempting to hold the 28 DMA: BMY and DD
To no position for now: WTZ
Now trying to break above some falling trend line resistance: ABS, CREE, JDSU, JNJ, MDC, PPG, the 4Q, UST, VIGN, and XLK
Now trying to break above horizontal trend line resistance: AAPL, MSCC, PEG, and SGDE
Attempting to break above the 28 DMA here: DELL
Moderately overbought at this point: AHO, CAT, CDE, CSTR, DVY, EWP, FXE, Heating Oil, HMC, IDA, IFX, IWM, KMX, MU, the OEX index, PETM, PLT, RDC, RIO, RNR, SBUX, SCHW, SUN, TIE, TYC, and the XOI index.
Standard overbought around this level: AMTD, BMS, CMI, DO, ELN, GOOG, IYM, PDE, PTR, SIFY, the S&P-500, STX, USU, and WY
Extremely overbought here: NEM, RIG, and the XAU index.
Now up against some rising trend line resistance: ABX, the E-Mini 500, JWN, and SNA
Possible top here:BHI, the DRG index, EWC, EWD, EWG, the E-Mini 500, FCX, IFN, MRK, RHAT, SU, TYC, and XLB
A probable top is in place here: AIG, CTXS, and EWJ
To a sell: TKR and the XAU hourly at 10 AM yesterday.
A break out in either direction is on the way: DUK, RI, and SFY
Anything posted here may be more or less off base...

Fresh Del Monte Produce (FDP) is also trying to bottom out in this area on the daily chart.

Mattel Inc. (MAT) is trying to bottom out here.

Royal Gold, Inc. (RGLD) to a sell.

Martha Stewart Living (MSO) to a buy.

Daily Update:

YI: +5

To a buy: MSO
Trying to bottom out: FDP, JNPR, and MAT
Moderately oversold: MCD
Trying to hold some falling trend line support: LYO
Attempting to hold the 28 DMA: BKS, CAKE, GR, Q, and YCC
To no position for now: ALEX and GNSS
Trying to break above some falling trend line resistance here: ANH, CHK, the DJ-30, DUK, FTO, IFX, MSFT, NTES, OCR, POM, SMH, WTSS, XLE, XLF, and XLP
Trying to break above horizontal trend line resistance: BAC
Attempting to break above the 28 DMA: CHINA, ECA, GNSS, MDC, TSY, and WOR
Moderately overbought: JOSB and OXY
Standard overbought: ASA, DJ, ERICY, EWA, EWI, GLD, Gold the bullion, HMY, LSS, and RMBS
Extremely overbought: AEM, PHI, and SNE
Now up against some rising trend line resistance: AMD, BR, EWD, JWN, LMT, MRK, NST, REDF, RHAT, SU, and YHOO
Possible top here: GG, PBY, and PHG
Probable top here: AMD
To a sell: RGLD
A break out in either direction is on the way: ARM
Anything posted here may be more or less off base.

Ford (F) looks interesting here...

Daily Update:

YI +5

To a buy here: F
Moderately oversold at this point: CREE, JDSU, NXL, and OCR
Trying to hold some rising trend line support: CAKE, CGI, MFE, NSC, SEE, SFA, and SGP
Trying to hold some falling trend line support: QCOM
Attempting to hold the 28 DMA: BA, CAT, INTU, NFI, NWL, STMP, and WY
To no position for now: SNDK
Now trying to break above some falling trend line resistance: AMTD, BPOP, C, CY, EWU, Heating Oil, IWM, MOT, PNRA, SPIR, THQI, XMSR, and XRX
Now trying to break above horizontal trend line resistance: The BTK index.
Attempting to break above the 28 DMA: SYMC
Now up against some rising trend line resistance: RGLD
Anything posted here may be more or less off base.

(JNJ) is trying to bottom out here.

Daily Update:

YI: +4

Trying to bottom out here: JNJ
Oversold at this point: MDC and NI
Moderately oversold now: INTC, MAT, MU, NSM, OXY, PNRA, RDC, REDF, SUN, TZOO, and XLE
Attempting to hold some rising trend line support in this area: DUK, EWP, GT, IYM, LMT, MSCC, PG, RHAT, RI, RIG, and YCC
Attempting to hold some falling trend line support: BBBY, KO, and SBUX
Attempting to hold the 28 DMA here: AAPL, AVP, DO, ERICY, GOOG, HMC, MTU, PEG, PG, RMBS, TASR, TYC, USU, and XLF
To no position for now: MRK
To a hold for now: GNSS
Attempting to break above some falling trend line resistance here: ANH, ELN, and SPC
Attempting to break above the 28 DMA: RIO
Moderately overbought now: WGII
Standard overbought at this point: AA, GG, PDG, and STP
Extremely overbought now: AU and GFI
A possible top may be in place at this point: AEM
To a sell: The XAU hourly at 10 AM on Monday.
A break out in either direction is on the way: BPOP and N
And as is always the case of course, anything posted here may be more or less off base...