Tuesday, January 10, 2006

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...

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