Wednesday, January 25, 2006

Daily Update:

YI: +3

To a buy: The XAU hourly at 1 PM yesterday.
A possible bottom may be here at this point: INTC
Trying to bottom out here: GR, PETM, and SPC
Extremely oversold now: XLK
Standard oversold: CGI and TZOO
Moderately oversold: CAKE and PG
Now attempting to hold on to some rising trend line support: CREE, HLR, NST, NXL, and WMB
Trying to hold falling trend line support: INTU, JNJ, and the Dollar.
Attempting to hold the 28 DMA here: The BTK index and CSCO
Trying to break above some falling trend line resistance here: ADP, KO, LSI, LYO, and MTU
Moderately overbought: ENR
Standard overbought: EWC, FXE, and NSC
A possible top may be in place at this level: ABS and MCD
Probable top here: DO, STP, SU, and WTZ
And as is always the case, anything posted here may be more or less off base.

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