Sunday, January 29, 2006

Daily Update:

YI: +4.5

Moderately oversold: DELL, RADN, and XRX
Now attempting to hold some rising trend line support: DUK
Attempting to hold the 28 DMA here: Heating Oil, MCD, WMB, and XLU
To no position for now: SUN
Trying to break above some falling trendline resistance: GPC, INTU, NXL, QCOM, RHAT, and XLP
Attempting to break above the 28 DMA here: BBBY, the BKX index, CHK, HMC, PETM, and XLF
Now up against some rising trend line resistance: AMD, ASA, and MRK
Moderately overbought now: CY, ELY, LSI, SMTC, TTH, and WOR
Standard overbought now: CAT, CDE, CLG, EWD, EWI, IWM, JNPR, JOSB, and TKR
Extremely overbought at this point: EWG, MRVL, and NSC
A possible top may occur around this level: AMD, EWP, EWU, NSM, NVLS, PHG, Q, TASR, the XAU index, and XLB
Probable top here: AU, EWA, HMY, IFN, RIO, and X
To a sell here: CLF, SNE, TRF, and the XAU hourly.
And as is always the case, anything posted here may be more or less off base.

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