Thursday, January 26, 2006

Daily Update:

YI: +3

Trying to bottom out here: SGP and TZOO
Now standard oversold: The Dollar, MAT, and MFE
Now moderately oversold: JNJ, SLE, and SYMC
Now trying to hold some rising trend line support: BHI, BMY, MSO, and SNE
Now trying to hold some falling trend line support: SPIR and the XCI index.
Attempting to hold the 28 DMA here: RNR
Now attempting to break above some falling trend line resistance: ACAS, ALEX, CAT, CLG, ELY, GNSS, GOOG, NXL, QCOM, REDF, and TXU
Now up against some rising trend line resistance: IWM, RI, WGII, and the XAU index.
Now moderately overbought: ARM, PHG, UST, and XLB
Now standard overbought: CLF and USU
Now extremely overbought: ACF, HMY, and X
A possible top may be in place: IFN
A break out in either direction is on the way: DVY and NXL
And as is always the case, anything posted here may be more or less off base.

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