Wednesday, January 18, 2006

Daily Update:

YI: +4

Standard oversold: TYC
Moderately oversold: GM, INTU, WY, and YHOO
Now trying to hold some rising trend line support: AEM, AIG, BKS, the BKX index, DELL, the E-Mini 500, JOSB, MCRS, MER, OCR, PG, PHI, and SNDK
Attempting to hold the 28 DMA here: AMD, CREE, DVY, EWL, F, GYMB, JCP, KEA, LSI, NSM, PG, RADN, RHAT, SLE, and SNA
To no position for now: PTR and TRF
To a hold for now: LYO
Now trying to break above some falling trend line resistance: GPC
Attempting to break above the 28 DMA here: CGI (corrected from last Friday), and ENR
Now up against some rising trend line resistance: GG
Moderately overbought now: HPQ
Standard overbought here: SPIR and TMO
Extremely overbought at this point: AMN, AU, FCX, and GLD
A possible top here: ABX, GFI, and the XAU index.
Probable top here: ASA
To a sell: The XAU hourly at 1 PM yesterday.
Anything posted here may be more or less off base.

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