For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
Tuesday, February 28, 2006
Daily Update for: 2/28/06
The YI: +4
Trying to bottom out now: GM, JNPR, RNR, and SMH
Now moderately oversold: AMAT, FDP, and JWN
Trying to hold some rising trend line support: BPOP, FTO, RIO, and TSY
Attempting to hold the 28 day moving average: ACAS and PBY
To no position for now: CAT
Trying to break above some falling trend line resistance: AVP, EWC, EWJ, GLW, GOOG, MMC, PHG, and XLK
Attempting to break above the 28 day moving average: Heating Oil, TYC, and USU
Now up against some rising trend line resistance: AHO
Moderately overbought at this point: ASA, CLG, Gold the bullion, ENER, and OXY
Standard overbought here: DJ and NTES
Extremely overbought: WTZ
A possible top at this level: IWM and NG
Anything posted here may be off base.
Trying to bottom out now: GM, JNPR, RNR, and SMH
Now moderately oversold: AMAT, FDP, and JWN
Trying to hold some rising trend line support: BPOP, FTO, RIO, and TSY
Attempting to hold the 28 day moving average: ACAS and PBY
To no position for now: CAT
Trying to break above some falling trend line resistance: AVP, EWC, EWJ, GLW, GOOG, MMC, PHG, and XLK
Attempting to break above the 28 day moving average: Heating Oil, TYC, and USU
Now up against some rising trend line resistance: AHO
Moderately overbought at this point: ASA, CLG, Gold the bullion, ENER, and OXY
Standard overbought here: DJ and NTES
Extremely overbought: WTZ
A possible top at this level: IWM and NG
Anything posted here may be off base.
Monday, February 27, 2006
Daily Update for: 2/27/06
YI: +3.5
Trying to bottom out: INTU and KGC
Moderately oversold: ABX, AU, NVLS, and SMH
Trying to hold some rising trend line support: ANH, AEM, HMY, and NLY
Trying to hold horizontal trend line support: DELL
Trying to hold some falling trend line support: PDG
Attempting to hold the 28 DMA: DD, GOOG, MU, SKS, SPIR, STP, STX, and SWC
Trying to break above some falling trend line resistance: EOG, ERF, INTC, and WMB
Attempting to break above the 28 DMA: RHAT, USU, and VIGN
Moderately overbought: CPB and RMBS
Standard overbought: FTO and OCR
Possible top here: KEA, OCR, and WGII
To a sell: TRF
A break out in either direction is on the way: ELN, MOT, and THQI
Anything posted here may be off base.
Trying to bottom out: INTU and KGC
Moderately oversold: ABX, AU, NVLS, and SMH
Trying to hold some rising trend line support: ANH, AEM, HMY, and NLY
Trying to hold horizontal trend line support: DELL
Trying to hold some falling trend line support: PDG
Attempting to hold the 28 DMA: DD, GOOG, MU, SKS, SPIR, STP, STX, and SWC
Trying to break above some falling trend line resistance: EOG, ERF, INTC, and WMB
Attempting to break above the 28 DMA: RHAT, USU, and VIGN
Moderately overbought: CPB and RMBS
Standard overbought: FTO and OCR
Possible top here: KEA, OCR, and WGII
To a sell: TRF
A break out in either direction is on the way: ELN, MOT, and THQI
Anything posted here may be off base.
Friday, February 24, 2006
Daily Update for: 2/24/06
YI: +3
Trying to bottom out here: MDT
Moderately oversold: GM, LYO, and TSM
Trying to hold some rising trend line support: DD, NG, NVLS, the OEX index, SMTC, and TXU
Attempting to hold the 28 DMA here: PHG and WDC
To no position for now: WTZ
Trying to break above some falling trendline resistance: CPB, HIT, MOT, and MTU
Attempting to break above the 28 DMA: EBAY
Now up against some rising trend line resistance: EWD
Moderately overbought: KEA, MSO, NTES, PEG, WGII, XLP, XLU, and XRX
Standard overbought at this level: The BKX index and CDE
Extremely overbought: BA, SBUX, and WHR
Possible top here: NXL, OGE, PETM, SCHW, and WB
To a sell: PG
A break out in either direction is on the way: AMD
Anything posted here may be off base.
Trying to bottom out here: MDT
Moderately oversold: GM, LYO, and TSM
Trying to hold some rising trend line support: DD, NG, NVLS, the OEX index, SMTC, and TXU
Attempting to hold the 28 DMA here: PHG and WDC
To no position for now: WTZ
Trying to break above some falling trendline resistance: CPB, HIT, MOT, and MTU
Attempting to break above the 28 DMA: EBAY
Now up against some rising trend line resistance: EWD
Moderately overbought: KEA, MSO, NTES, PEG, WGII, XLP, XLU, and XRX
Standard overbought at this level: The BKX index and CDE
Extremely overbought: BA, SBUX, and WHR
Possible top here: NXL, OGE, PETM, SCHW, and WB
To a sell: PG
A break out in either direction is on the way: AMD
Anything posted here may be off base.
Thursday, February 23, 2006
Daily Update for: 2/23/06
YI: +3.5
A possible bottom may be in place here for SNDK
MFE is trying to bottom out.
JNPR is standard oversold at this level.
Moderately oversold: CAKE, DELL, INTU, MRVL, and NVLS
These are trying to hold some rising trend line support: AMAT, AMZN, ELN, MU, NSM, PBY, PHI, PPG, SMH, and TASR
These are now trying to hold some falling trend line support: BBBY, HIT, INTC, and MCRS
Attempting to hold the 28 day moving average: AHO, IRF, PMCS, SNE, and WY
Trying to break above some falling trend line resistance: Gold the bullion, PCU, RADN, and SEE
Attempting to break above the 28 day moving average: PDG, SPC, XLE, and the XNG index.
AMN and JOSB are up against some rising trend line resistance here.
EWU, GNSS and NI are moderately overbought at this point in time.
A possible top may be in place for AMN, EWI, GFI, GPC, IDA, SGDE, and TIE
CAT is on a sell signal now.
Anything posted here may be more or less off base.
A possible bottom may be in place here for SNDK
MFE is trying to bottom out.
JNPR is standard oversold at this level.
Moderately oversold: CAKE, DELL, INTU, MRVL, and NVLS
These are trying to hold some rising trend line support: AMAT, AMZN, ELN, MU, NSM, PBY, PHI, PPG, SMH, and TASR
These are now trying to hold some falling trend line support: BBBY, HIT, INTC, and MCRS
Attempting to hold the 28 day moving average: AHO, IRF, PMCS, SNE, and WY
Trying to break above some falling trend line resistance: Gold the bullion, PCU, RADN, and SEE
Attempting to break above the 28 day moving average: PDG, SPC, XLE, and the XNG index.
AMN and JOSB are up against some rising trend line resistance here.
EWU, GNSS and NI are moderately overbought at this point in time.
A possible top may be in place for AMN, EWI, GFI, GPC, IDA, SGDE, and TIE
CAT is on a sell signal now.
Anything posted here may be more or less off base.
Wednesday, February 22, 2006
Daily Update for: 2/22/06
YI: +3
Possible bottom here: RHAT
Trying to bottom out: UST
Moderately oversold: CGI and HIT
Now trying to hold some rising trend line support: BGF and XLF
Trying to hold some falling trend line support: XMSR
Attempting to hold the 28 DMA here: ACF, AIG, CHC, GLW, and MCD
To a hold at this point: YHOO
Now trying to break above some falling trend line resistance: ASA, DUK, EWQ, GFI, NI, NST, OCR, and RIG
Attempting to break above the 28 DMA here: ENER, HMY, LSS, NEM, WMB, and the XOI index.
Now up against some rising trend line resistance: EWI, IDA, KMX, and NXL
Moderately overbought at this point: EWP
Standard overbought: ENR, IYM, MRK, OGE, and PLL
Extremely overbought now: EWP
A possible top may be here at this point: ACAS, DVY, N, PG, POM, and Q
Probable top here: CMI and TTH
To a sell: STX and WTZ
Anything posted here may be off base.
Possible bottom here: RHAT
Trying to bottom out: UST
Moderately oversold: CGI and HIT
Now trying to hold some rising trend line support: BGF and XLF
Trying to hold some falling trend line support: XMSR
Attempting to hold the 28 DMA here: ACF, AIG, CHC, GLW, and MCD
To a hold at this point: YHOO
Now trying to break above some falling trend line resistance: ASA, DUK, EWQ, GFI, NI, NST, OCR, and RIG
Attempting to break above the 28 DMA here: ENER, HMY, LSS, NEM, WMB, and the XOI index.
Now up against some rising trend line resistance: EWI, IDA, KMX, and NXL
Moderately overbought at this point: EWP
Standard overbought: ENR, IYM, MRK, OGE, and PLL
Extremely overbought now: EWP
A possible top may be here at this point: ACAS, DVY, N, PG, POM, and Q
Probable top here: CMI and TTH
To a sell: STX and WTZ
Anything posted here may be off base.
Monday, February 20, 2006
Daily Update for: 2/21/06
The YI is now +3.5
Now trying to hold some some rising trend line support: ADP, ELY, and NSC
Trying to hold falling trend line support: MTU
To a hold for now: INTC
Now trying to break above some falling trend line resistance: CHK, EMC, F, FTO, GOOG, LSS, SFY, and USU
Attempting to break above the 28 day moving average: AAPL, ABX, ERF, the 4Q, and SYMC
Now up against some rising trend line resistance: The DJ-30, EBAY, NSM, and Q
Moderately overbought at this point: BKS, CTXS, DD, the E-Mini-500, GLW, HLR, NWL, SCHW, SNA, XLF, and XLK
Overbought now: The BTK index, DVY, IWM, MRK, POM, the VXO, and WB
Extremely overbought here: WTS
A possible top in place now: AEM, BAC, BKS, the BKX index, the BTK index, CBK, CSCO, the DJ-30, the OEX index, the S&P-500, and WHR
Anything posted here may be more or less off base.
Now trying to hold some some rising trend line support: ADP, ELY, and NSC
Trying to hold falling trend line support: MTU
To a hold for now: INTC
Now trying to break above some falling trend line resistance: CHK, EMC, F, FTO, GOOG, LSS, SFY, and USU
Attempting to break above the 28 day moving average: AAPL, ABX, ERF, the 4Q, and SYMC
Now up against some rising trend line resistance: The DJ-30, EBAY, NSM, and Q
Moderately overbought at this point: BKS, CTXS, DD, the E-Mini-500, GLW, HLR, NWL, SCHW, SNA, XLF, and XLK
Overbought now: The BTK index, DVY, IWM, MRK, POM, the VXO, and WB
Extremely overbought here: WTS
A possible top in place now: AEM, BAC, BKS, the BKX index, the BTK index, CBK, CSCO, the DJ-30, the OEX index, the S&P-500, and WHR
Anything posted here may be more or less off base.
Friday, February 17, 2006
Daily Update for 2/17/06
YI: +4
These stocks are trying to bottom out now: ENER, HMY, and USU
These are moderately oversold: PDE, RDC, and the XAU index.
The following stocks are trying to hold some rising trend line support in this area: ASA, AU, CLF, and MCD
Attempting to hold the 28 day moving average at this point: PTR and QLGC
To no position for now: SGP
Now trying to break above horizontal trend line resistance: SMH
Now trying to break above some falling trend line resistance: BPOP, ERF, EWD, Heating Oil, KO, OGE, QCOM, RI, SU, and the YI
Attempting to break above the 28 day moving average here: AAPL, ANH, AVP, GYMB, MDC, MDT, MO, and SGP
Moderately overbought in this area: LSI, NOK, OCR, and SKS
These are overbought now: AMN, ELY, and VZ
These are extremely overbought: CAT and JCP
A possible top in this area for: CMI, GR, OCR, and STMP
And finally, a break out in either direction is on the way for: X
Of course, anything posted above could be off base.
These stocks are trying to bottom out now: ENER, HMY, and USU
These are moderately oversold: PDE, RDC, and the XAU index.
The following stocks are trying to hold some rising trend line support in this area: ASA, AU, CLF, and MCD
Attempting to hold the 28 day moving average at this point: PTR and QLGC
To no position for now: SGP
Now trying to break above horizontal trend line resistance: SMH
Now trying to break above some falling trend line resistance: BPOP, ERF, EWD, Heating Oil, KO, OGE, QCOM, RI, SU, and the YI
Attempting to break above the 28 day moving average here: AAPL, ANH, AVP, GYMB, MDC, MDT, MO, and SGP
Moderately overbought in this area: LSI, NOK, OCR, and SKS
These are overbought now: AMN, ELY, and VZ
These are extremely overbought: CAT and JCP
A possible top in this area for: CMI, GR, OCR, and STMP
And finally, a break out in either direction is on the way for: X
Of course, anything posted above could be off base.
Thursday, February 16, 2006
Daily Update for 2/16/06
YI: +3.5
Possible bottom here: DBLE and Heating Oil.
Trying to bottom out in this general area: CHK and CLF
Moderately oversold: BHI, ENER, FTO, MMC, and RIG
Trying to hold some rising trend line support: ABX, CAKE, Gold the bullion, OXY, Q, SNE, and the XOI index.
Trying to hold some falling trend line support: XMSR
Attempting to hold the 28 DMA: REDF
To no position for now: GE
Trying to break above some falling trend line resistance: ARM, the BTK index, ECA, FBR, GLW, KEA, SLE, and the S&P-500.
Attempting to break above the 28 DMA: BAC, C, CPB, EWI, GPC, MOT, and the XCI index.
Now up against some rising trend line resistance: CMI
Moderately overbought: The BKX index, CHC, the DJ-30, IDA, the OEX index, PETM, and PPG
Standard overbought now: HPQ, MER, STX, and TTH
Possible top here: LMT
A break out in either direction is on the way: HIT
Anything posted here may be off base.
Possible bottom here: DBLE and Heating Oil.
Trying to bottom out in this general area: CHK and CLF
Moderately oversold: BHI, ENER, FTO, MMC, and RIG
Trying to hold some rising trend line support: ABX, CAKE, Gold the bullion, OXY, Q, SNE, and the XOI index.
Trying to hold some falling trend line support: XMSR
Attempting to hold the 28 DMA: REDF
To no position for now: GE
Trying to break above some falling trend line resistance: ARM, the BTK index, ECA, FBR, GLW, KEA, SLE, and the S&P-500.
Attempting to break above the 28 DMA: BAC, C, CPB, EWI, GPC, MOT, and the XCI index.
Now up against some rising trend line resistance: CMI
Moderately overbought: The BKX index, CHC, the DJ-30, IDA, the OEX index, PETM, and PPG
Standard overbought now: HPQ, MER, STX, and TTH
Possible top here: LMT
A break out in either direction is on the way: HIT
Anything posted here may be off base.
Wednesday, February 15, 2006
Daily Update for 2/15/06
YI: +3
To a buy: SGP and YHOO
A possible bottom here: EBAY, SFY, and the XNG index.
Trying to bottom out now: DBLE, EOG, FCX, FXE, LSS, SNDK, and TKR
Standard oversold now: CHK
Moderately oversold: FBR, HMY, STP, ERF, SWC, TXU, and WGII
Trying to hold some rising trend line support: CHINA, JWN, MRVL, SU, and XLK
Attempting to hold the 28 day moving average: AU, CDE, GFI, GRZ, IFN, NG, and NVLS
To no position for now: The XAU hourly.
Now trying to break above some falling trend line resistance: AAPL, BMY, CHC, IYM, NLY, PETM, RHAT, and VIGN
Attempting to break above the 28 day moving average: BBBY
Now up against some rising trend line resistance: MAT
Moderately overbought now: INTU
Standard overbought: TASR
A break out in either direction is on the way: ACF, AMTD, FDP, and RMBS
And of course as is always the case, anything posted above may be off base.
To a buy: SGP and YHOO
A possible bottom here: EBAY, SFY, and the XNG index.
Trying to bottom out now: DBLE, EOG, FCX, FXE, LSS, SNDK, and TKR
Standard oversold now: CHK
Moderately oversold: FBR, HMY, STP, ERF, SWC, TXU, and WGII
Trying to hold some rising trend line support: CHINA, JWN, MRVL, SU, and XLK
Attempting to hold the 28 day moving average: AU, CDE, GFI, GRZ, IFN, NG, and NVLS
To no position for now: The XAU hourly.
Now trying to break above some falling trend line resistance: AAPL, BMY, CHC, IYM, NLY, PETM, RHAT, and VIGN
Attempting to break above the 28 day moving average: BBBY
Now up against some rising trend line resistance: MAT
Moderately overbought now: INTU
Standard overbought: TASR
A break out in either direction is on the way: ACF, AMTD, FDP, and RMBS
And of course as is always the case, anything posted above may be off base.
Tuesday, February 14, 2006
Daily Update for 2/14/06
YI: +2
To a buy: The XAU hourly at 3 PM yesterday.
Trying to bottom out here: BBBY, ECA, RGLD, RHAT, VIGN, the XNG index, and the XOI index.
Standard oversold at this point: EOG, NFI, and SUN
Moderately oversold: ASA, CLF, ERICY, KGC, NEM, NLY, and TIE
Now trying to hold on to some rising trend line support: EWA, GOOG, Gold the metal, PMCS, TSM, the XAU index, and XLB
Now trying to hold some rising trend line support: AA and XLE
Attempting to hold the 28 day moving average: AEM, ARM, CY, DJ, PCU, PLT, RFMD, and SMTC
Now trying to break above some falling trend line resistance: MFE and TSS
Attempting to break above the 28 day moving average: The BKX index, GE, TSY, and XLF
Moderately overbought at this point: AIG and WB
Standard overbought now: BGF
A possible top here: BA and ENR
A break out in either direction is on the way for: AMN and JDSU
And as is always the case, anything posted here may be off base.
To a buy: The XAU hourly at 3 PM yesterday.
Trying to bottom out here: BBBY, ECA, RGLD, RHAT, VIGN, the XNG index, and the XOI index.
Standard oversold at this point: EOG, NFI, and SUN
Moderately oversold: ASA, CLF, ERICY, KGC, NEM, NLY, and TIE
Now trying to hold on to some rising trend line support: EWA, GOOG, Gold the metal, PMCS, TSM, the XAU index, and XLB
Now trying to hold some rising trend line support: AA and XLE
Attempting to hold the 28 day moving average: AEM, ARM, CY, DJ, PCU, PLT, RFMD, and SMTC
Now trying to break above some falling trend line resistance: MFE and TSS
Attempting to break above the 28 day moving average: The BKX index, GE, TSY, and XLF
Moderately overbought at this point: AIG and WB
Standard overbought now: BGF
A possible top here: BA and ENR
A break out in either direction is on the way for: AMN and JDSU
And as is always the case, anything posted here may be off base.
Sunday, February 12, 2006
Daily Update for 2/13/06
YI: +2.5
To a buy: INTC
Trying to bottom out here: AAPL, SFY, and THQI
Standard oversold now: ECA
Moderately oversold: ABX, BBBY, the BTK index, FCX, PDG, RNR, USU, and VIGN
Trying to hold some rising trend line support: CLF, SIFY, TKR, and X
Attempting to hold the 28 day moving average: CGI, HMY, IWM, JWN, Q, and STP
Now trying to break above some falling trend line resistance: ADP, CLG, LYO, MMC, and the OEX index.
Now up against some rising trend line resistance: EWP, PBY, and WB
Moderately overbought now: ACAS
Standard overbought at this point: PBY and PNRA
A possible top here: QLGC
And as is always the casem anything posted here may be off base.
To a buy: INTC
Trying to bottom out here: AAPL, SFY, and THQI
Standard oversold now: ECA
Moderately oversold: ABX, BBBY, the BTK index, FCX, PDG, RNR, USU, and VIGN
Trying to hold some rising trend line support: CLF, SIFY, TKR, and X
Attempting to hold the 28 day moving average: CGI, HMY, IWM, JWN, Q, and STP
Now trying to break above some falling trend line resistance: ADP, CLG, LYO, MMC, and the OEX index.
Now up against some rising trend line resistance: EWP, PBY, and WB
Moderately overbought now: ACAS
Standard overbought at this point: PBY and PNRA
A possible top here: QLGC
And as is always the casem anything posted here may be off base.
Friday, February 10, 2006
Daily Update
YI: +2.5
To a buy: The XAU hourly at 10 AM again yesterday, but then it turned right around to a sell signal ay 11 AM.
A possible bottom here: GT, MSO, and TZOO
Trying to bottom out here: ALEX and SLE
Standard oversold now: TKR
Moderately oversold: DBLE, Heating Oil, NLY, and THQI
Now trying to hold some rising trend line support: ABS, ACF, DUK, EOG, FCX, GR, JOSB, PDE, RHAT, the VXO, and YCC
Trying to break above horizontal trend line resistance: YI
Attempting to hold the 28 DMA here: DO, FTO, GM, KMX, MSCC, NFI, RI, RIG, and X
To no position for now: AHO and FTO
Now trying to break above some falling trend line resistance: AMTD, BKS, the BKX index, C, CCC, the DJ-30, the DRG index, EBAY, GPC, HPQ, IBM, MOT, NEM, NOK, NWL, PDG, and RIO
Attempting to break above the 28 DMA here: DD, JNJ, MMC, NI, and XMSR
Now up against some rising trendline resistance: LMT, QLGC, and SMTC
Moderately overbought now: AMAT, CSCO, DELL, IRF, SGDE, SMH, and VZ
Standard overbought here: PMCS
Extremely overbought now: STMP
A possible top here: The Dollar, MU, and SBUX
To a sell: The XAU hourly at 11 AM yesterday.
A break out in either direction is on the way: NTES, PETM, and TSS
And as is always the case, anything posted here may be more or less off base.
To a buy: The XAU hourly at 10 AM again yesterday, but then it turned right around to a sell signal ay 11 AM.
A possible bottom here: GT, MSO, and TZOO
Trying to bottom out here: ALEX and SLE
Standard oversold now: TKR
Moderately oversold: DBLE, Heating Oil, NLY, and THQI
Now trying to hold some rising trend line support: ABS, ACF, DUK, EOG, FCX, GR, JOSB, PDE, RHAT, the VXO, and YCC
Trying to break above horizontal trend line resistance: YI
Attempting to hold the 28 DMA here: DO, FTO, GM, KMX, MSCC, NFI, RI, RIG, and X
To no position for now: AHO and FTO
Now trying to break above some falling trend line resistance: AMTD, BKS, the BKX index, C, CCC, the DJ-30, the DRG index, EBAY, GPC, HPQ, IBM, MOT, NEM, NOK, NWL, PDG, and RIO
Attempting to break above the 28 DMA here: DD, JNJ, MMC, NI, and XMSR
Now up against some rising trendline resistance: LMT, QLGC, and SMTC
Moderately overbought now: AMAT, CSCO, DELL, IRF, SGDE, SMH, and VZ
Standard overbought here: PMCS
Extremely overbought now: STMP
A possible top here: The Dollar, MU, and SBUX
To a sell: The XAU hourly at 11 AM yesterday.
A break out in either direction is on the way: NTES, PETM, and TSS
And as is always the case, anything posted here may be more or less off base.
Thursday, February 9, 2006
A few more...
The E-Mini 500 was moderately oversold as of yesterday's close, and Gold the metal was trying to hold the 28 day moving average.
Here is the rest of the daily chart work for today.
Trying to bottom out: WMB
Extremely oversold: TZOO
Moderately oversold: XLF, XLP, the XNG index, and the XOI index.
Trying to hold some rising trend line support: USU
Attempting to hold the 28 DMA: WGII, WTZ, the XAU index, and XLB
Trying to break above some falling trend line resistance: The XCI index, and XLF
Moderately overbought: WY
All of the previous disclaimers apply to the above work.
Extremely oversold: TZOO
Moderately oversold: XLF, XLP, the XNG index, and the XOI index.
Trying to hold some rising trend line support: USU
Attempting to hold the 28 DMA: WGII, WTZ, the XAU index, and XLB
Trying to break above some falling trend line resistance: The XCI index, and XLF
Moderately overbought: WY
All of the previous disclaimers apply to the above work.
Daily Update
YI: +3
To a buy: GE
Trying to bottom out: CPB, EBAY, GPC, LYO, and SUN
Standard oversold: ALEX, BPOP, GOOG, and SLE
Moderately oversold: CHK, CLG, ECA, EOG, the IIX index, OGE, PPG, RGLD, RHAT, SFY, and SNA
Trying to hold some rising trend line support: AEM, DBLE, ELN, ERICY, EWG, KGC, PHG, PTR, RIG, SWC, TASR, THQI, and TRF
Attempting to hold the 28 DMA: ACF, ASA, AU, BHI, BR, CLF, EWC, EWD, GG, GLD, IYM, N, PHG, RDC, RIO, SKS, STX, SU, SWC, and TIE
To no position for now: EWG and EWP
Attempting to break above the 28 DMA: BAC and NST
Moderately overbought now: MAT
Standard overbought: MU
Possible top here: AHO and REDF
A break out in either direction is on the way: MRVL
And as is always the case, anything posted here may be more or less off base.
To a buy: GE
Trying to bottom out: CPB, EBAY, GPC, LYO, and SUN
Standard oversold: ALEX, BPOP, GOOG, and SLE
Moderately oversold: CHK, CLG, ECA, EOG, the IIX index, OGE, PPG, RGLD, RHAT, SFY, and SNA
Trying to hold some rising trend line support: AEM, DBLE, ELN, ERICY, EWG, KGC, PHG, PTR, RIG, SWC, TASR, THQI, and TRF
Attempting to hold the 28 DMA: ACF, ASA, AU, BHI, BR, CLF, EWC, EWD, GG, GLD, IYM, N, PHG, RDC, RIO, SKS, STX, SU, SWC, and TIE
To no position for now: EWG and EWP
Attempting to break above the 28 DMA: BAC and NST
Moderately overbought now: MAT
Standard overbought: MU
Possible top here: AHO and REDF
A break out in either direction is on the way: MRVL
And as is always the case, anything posted here may be more or less off base.
Tuesday, February 7, 2006
Daily Update
YI: +2
Possible bottom here for: UST and XMSR
Trying to bottom out here: MDT and YHOO
Standard oversold at this point: AAPL and IBM
Moderately oversold now: CSCO, MOT, SNDK, the XCI index, and XLK
Trying to hold some rising trend line support: ABX, the BTK index, CAKE, the DJ-30, DO, the DRG index, ENER, EWC, FDP, GFI, GNSS, HMY, KMX, MER, PCU, PEG, and POM
Trying to hold some falling trend line support: LYO
Attempting to hold the 28 DMA here: AMTD, ELN, EWQ, FBR, GLW, MTU, OXY, and PDE
Trying to break above some falling trend line resistance now: DELL, DJ, JNPR, RNR, SGDE, and TYC
Attempting to break above the 28 DMA here: TSS and XRX
Now up against some rising trend line resistance: ENR
Moderately overbought now: The Dollar.
Extremely overbought: REDF
Possible top here: CY, MCD, NSC, SFY, and WHR
To a sell: The XAU index at 10 AM again.
And as is always the case of course, anything posted here may be more or less off base...
Possible bottom here for: UST and XMSR
Trying to bottom out here: MDT and YHOO
Standard oversold at this point: AAPL and IBM
Moderately oversold now: CSCO, MOT, SNDK, the XCI index, and XLK
Trying to hold some rising trend line support: ABX, the BTK index, CAKE, the DJ-30, DO, the DRG index, ENER, EWC, FDP, GFI, GNSS, HMY, KMX, MER, PCU, PEG, and POM
Trying to hold some falling trend line support: LYO
Attempting to hold the 28 DMA here: AMTD, ELN, EWQ, FBR, GLW, MTU, OXY, and PDE
Trying to break above some falling trend line resistance now: DELL, DJ, JNPR, RNR, SGDE, and TYC
Attempting to break above the 28 DMA here: TSS and XRX
Now up against some rising trend line resistance: ENR
Moderately overbought now: The Dollar.
Extremely overbought: REDF
Possible top here: CY, MCD, NSC, SFY, and WHR
To a sell: The XAU index at 10 AM again.
And as is always the case of course, anything posted here may be more or less off base...
Daily Update
YI: +2.5
To a buy: The XAU hourly at 10 AM yesterday. (it is amzazing how many turning points have arrived at 10 AM the past six months or so)
Possible bottom here: NI and SYMC
Trying to bottom out here: C, GOOG, KEA, MO, MSO, TZOO, and UST
Standard oversold: AMZN and EBAY
Moderately oversold: ANH, AVP, BKS, DVY, FXE, the 4Q, and SUN
Trying to hold some rising trend line support here: ASA, CDE, F, GG, HPQ, JWN, MRVL, the OEX index, PBY, PPG, QCOM, TMO, and XLP
Trying to hold horizontal trend line support: YI
Now trying to hold some falling trend line support: GPC, INTU, KO, and NOK
Attempting to hold the 28 DMA: APPB, BMY, the BTK index, EOG, ERICY, EWU, JDSU, NXL, PDG, STMP, WB, and WOR
To no position for now: CHINA, CLF, and TRF
Now up against some rising trend line resistance: MCD, PDE, PHI, PMCS, SIFY, and WDC
Moderately overbought here: AHO
Possible top here: PNRA, SPIR, and TTH
A break out in either direction is on the way: TSY
And as is always the case, anything posted here may be way off base.
To a buy: The XAU hourly at 10 AM yesterday. (it is amzazing how many turning points have arrived at 10 AM the past six months or so)
Possible bottom here: NI and SYMC
Trying to bottom out here: C, GOOG, KEA, MO, MSO, TZOO, and UST
Standard oversold: AMZN and EBAY
Moderately oversold: ANH, AVP, BKS, DVY, FXE, the 4Q, and SUN
Trying to hold some rising trend line support here: ASA, CDE, F, GG, HPQ, JWN, MRVL, the OEX index, PBY, PPG, QCOM, TMO, and XLP
Trying to hold horizontal trend line support: YI
Now trying to hold some falling trend line support: GPC, INTU, KO, and NOK
Attempting to hold the 28 DMA: APPB, BMY, the BTK index, EOG, ERICY, EWU, JDSU, NXL, PDG, STMP, WB, and WOR
To no position for now: CHINA, CLF, and TRF
Now up against some rising trend line resistance: MCD, PDE, PHI, PMCS, SIFY, and WDC
Moderately overbought here: AHO
Possible top here: PNRA, SPIR, and TTH
A break out in either direction is on the way: TSY
And as is always the case, anything posted here may be way off base.
Monday, February 6, 2006
Daily Update
YI: +2.5
Trying to bottom out: MDC, SYMC, and TKR
Standard oversold: C, NI, SPC, and XMSR
Moderately oversold: ALEX, the BKX index, CPB, GPC, GYMB, IFX, LSS, MSO, SCHW, SEE, and WMB
Trying to hold some rising trend line support: AIG, AMTD, BBBY, CREE, EWI, EWQ, HIT, Heating Oil, N, NEM, PETM, SNA, STP, TIE, TXU, VIGN, VZ, WGII, XLF, and XLU
Trying to hold horizontal trend line support: AAPL
Trying to hold some falling trend line support: ANH, BAC, and SGP
Attempting to hold the 28 DMA: ABX, CCC, CHC, EWA, EWI, EWJ, IDA, RGLD, SFY, THQI, TSM, USU, WY, XLE, the XNG index, and the XOI index.
Trying to break above some falling trend line resistance: PDE and the VXO
Moderately overbought now: CHINA and SIFY
Standard overbought: SBUX, SPIR, and WHR
Extremely overbought: JOSB and TMO
To a sell: The XAU index at 10 AM on Friday.
A break out in either direction is on the way: CREE and PDE
And as is always the case, anything posted here may be off base.
Trying to bottom out: MDC, SYMC, and TKR
Standard oversold: C, NI, SPC, and XMSR
Moderately oversold: ALEX, the BKX index, CPB, GPC, GYMB, IFX, LSS, MSO, SCHW, SEE, and WMB
Trying to hold some rising trend line support: AIG, AMTD, BBBY, CREE, EWI, EWQ, HIT, Heating Oil, N, NEM, PETM, SNA, STP, TIE, TXU, VIGN, VZ, WGII, XLF, and XLU
Trying to hold horizontal trend line support: AAPL
Trying to hold some falling trend line support: ANH, BAC, and SGP
Attempting to hold the 28 DMA: ABX, CCC, CHC, EWA, EWI, EWJ, IDA, RGLD, SFY, THQI, TSM, USU, WY, XLE, the XNG index, and the XOI index.
Trying to break above some falling trend line resistance: PDE and the VXO
Moderately overbought now: CHINA and SIFY
Standard overbought: SBUX, SPIR, and WHR
Extremely overbought: JOSB and TMO
To a sell: The XAU index at 10 AM on Friday.
A break out in either direction is on the way: CREE and PDE
And as is always the case, anything posted here may be off base.
Friday, February 3, 2006
Daily Update
YI: +3
Trying to bottom out: AMZN, GT, and RADN
Moderately oversold: GOOG, NST, and TKR
Now attempting to hold on to some rising trend line support: The E-Mini-500, EWA, EWC, MMC, PDE, the S&P-500, SU, WTS, and the YI
Attempting to hold the 28 DMA here: DUK, PEG, PLL, RMBS, and SUN
To no position for now: SNE
Now attempting to break above some falling trend line resistance: CREE and OCR
Attempting to break above the 28 DMA: NOK
Now up against some rising trend line resistance: CMI
Moderately overbought now: CAKE, GR, HMC, MU, and NTES
Standard overbought: BA
Possible top here: ELY and SMTC
Probable top here: CAT and IYM
To a sell: EWG and EWP
A break out in either direction is on the way: CREE and the S&P-500.
Trying to bottom out: AMZN, GT, and RADN
Moderately oversold: GOOG, NST, and TKR
Now attempting to hold on to some rising trend line support: The E-Mini-500, EWA, EWC, MMC, PDE, the S&P-500, SU, WTS, and the YI
Attempting to hold the 28 DMA here: DUK, PEG, PLL, RMBS, and SUN
To no position for now: SNE
Now attempting to break above some falling trend line resistance: CREE and OCR
Attempting to break above the 28 DMA: NOK
Now up against some rising trend line resistance: CMI
Moderately overbought now: CAKE, GR, HMC, MU, and NTES
Standard overbought: BA
Possible top here: ELY and SMTC
Probable top here: CAT and IYM
To a sell: EWG and EWP
A break out in either direction is on the way: CREE and the S&P-500.
Thursday, February 2, 2006
Daily Update
YI: +4
Possible bottom here: GE
Trying to bottom out: MCRS
Oversold: ADP
Moderately oversold: GT, KEA, MO, and WHR
Trying to hold some risising trend line support: AA, AMAT, AMZN, CLG, CREE, DVY, EMC, GRZ, IFX, and MDT
Attempting to hold the 28 DMA: ANH, CSCO, CTXS, HPQ, KO, and SEE
To no position: AHO
Trying to break above sonme falling trend line resistance: AHO, DJ, and MAT
Now up against some rising trend line resistance: February Gold and LMT
Moderately overbought: ELN
Standard overbought: AA, ERICY, and SFY
Extremely overbought: OXY
Possible top here: ARM, CHK, EOG, IYM, and SWC
Probable top here: EWC, FCX, GFI, JOSB, and the XAU index.
To a sell: ASA, FTO, and SU
Anything posted here may be off base.
Possible bottom here: GE
Trying to bottom out: MCRS
Oversold: ADP
Moderately oversold: GT, KEA, MO, and WHR
Trying to hold some risising trend line support: AA, AMAT, AMZN, CLG, CREE, DVY, EMC, GRZ, IFX, and MDT
Attempting to hold the 28 DMA: ANH, CSCO, CTXS, HPQ, KO, and SEE
To no position: AHO
Trying to break above sonme falling trend line resistance: AHO, DJ, and MAT
Now up against some rising trend line resistance: February Gold and LMT
Moderately overbought: ELN
Standard overbought: AA, ERICY, and SFY
Extremely overbought: OXY
Possible top here: ARM, CHK, EOG, IYM, and SWC
Probable top here: EWC, FCX, GFI, JOSB, and the XAU index.
To a sell: ASA, FTO, and SU
Anything posted here may be off base.
Wednesday, February 1, 2006
Daily Update:
YI: +4
Trying to bottom out here: NI
Standard oversold: OCR
Moderately oversold: EBAY, MCRS, MDC, and UST
Trying to hold some rising trend line support: BR, CSCO, CTXS, JDSU, SEE, SMH, SPC, and TSS
Attempting to hold the 28 DMA here: POM
Trying to break above some falling trend line resistance: GR, HLR, SYMC, and WB
Trying to break above horizontal trend line resistance: MU
Attempting to break above the 28 DMA here: AAPL, ACAS, and BA
Now up against some rising trend line resistance: DO, the OEX index, RIG, and XLE
Moderately overbought now: KMX and WY
Standard overbought: ABX, REDF, and SNA
Extremely overbought: GG, IYM, KGC, SUN, WGII, and the XOI index.
Possible top here: PTR and WB
Probable top here: AEM, NEM, and STMP
To a sell: The XAU hourly at 2 PM yesterday.
And as is always the case, anything posted here may be off base.
Trying to bottom out here: NI
Standard oversold: OCR
Moderately oversold: EBAY, MCRS, MDC, and UST
Trying to hold some rising trend line support: BR, CSCO, CTXS, JDSU, SEE, SMH, SPC, and TSS
Attempting to hold the 28 DMA here: POM
Trying to break above some falling trend line resistance: GR, HLR, SYMC, and WB
Trying to break above horizontal trend line resistance: MU
Attempting to break above the 28 DMA here: AAPL, ACAS, and BA
Now up against some rising trend line resistance: DO, the OEX index, RIG, and XLE
Moderately overbought now: KMX and WY
Standard overbought: ABX, REDF, and SNA
Extremely overbought: GG, IYM, KGC, SUN, WGII, and the XOI index.
Possible top here: PTR and WB
Probable top here: AEM, NEM, and STMP
To a sell: The XAU hourly at 2 PM yesterday.
And as is always the case, anything posted here may be off base.