Sunday, January 15, 2006

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.

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