Friday, January 27, 2006

Daily Update:

YI: +3.5

A possible bottom may be in place here: DD
Trying to bottom out now: AIG, CGI, GE, MFE, SYMC, and XMSR
Moderately oversold: JNJ
Trying to hold some rising trend line support here: CPB, DBLE, EBAY, ECA, MO, NOK, RGLD, and VIGN
Trying to hold some falling trend line support: BPOP
Attempting to hold the 28 DMA here: EOG, LSS, QCOM, and RHAT
Trying to break above some falling trend line resistance here: BA, BAC, CAKE, CHC, CSCO, the DRG index, the E-Mini 500, F, JCP, OCR, PG, PPG, and TIE
Attempting to break above the 28 DMA here: GNSS, SGDE, and SIFY
Now up against some rising trend line resistance: EWA, EWQ, GRZ, and NSM
Moderately overbought here: APPB, GM, and PNRA
Standard overbought here: BMS, EWP, EWU, GYMB, JWN, and RFMD
Extremely overbought at this point: MER, PLT, and STX
A possible top may be in place now: CLF, FBR, QLGC, and RI
A break out in either direction is on the way: THQI and WHR
And as is always the case of course, anything posted here may be off base.

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