Friday, January 6, 2006

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...

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