Saturday, January 21, 2006

Daily Update:

YI: +2.5

Trying to bottom out here: DBLE
Moderately oversold now: GOOG, GR, and SPC
Now trying to hold some rising trend line support: AAPL, EWD, the IIX index, LMT, MTU, PBY, PPG, SNA, and the XCI index.
Now trying to hold some falling trend line support: KO and SMTC
Attempting to hold the 28 DMA here: EWI and FCX
To no position for now: AAPL and the XAU-hourly.
Now trying to break above some falling trend line resistance: APPB, CHC, and CSTR
Attempting to break above the 28 DMA here: TSY
Now up against some rising trend line resistance: BR, the BTK index, GLD, JDSU, NWL, RIG, and STMP
Moderately overbought now: ABS, NSC, Q, SKS, and SWC
Overbought at this point: DUK, MER, PDG, and XLE
Extremely overbought now: EOG, NVLS, PDE, and QLGC
A possible top may be forming here: PEG, RDC, TMO, WGII, and XLU
Probable top here: FTO
A break out in either direction is on the way: BGF
And as is always the case, anything posted here may be more or less off base...

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