Tuesday, January 3, 2006

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...

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