Wednesday, January 11, 2006

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.

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