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.