Daily Update for 3/17/06

YI: +4.5
Trying to hold some rising trend line support: DJ and MAT
Trying to hold horizontal trendline support: HLR and XMSR
Trying to hold some falling trend line support: ALEX, CPB, and SYMC
Trying to break above some falling trend line resistance: GE, N, NFI, PHG, SNDK, SWC, and TRF
Trying to break above horizontal trend line resistance: BR, ECA, and the XCI index.
Attempting to break above the 28 day moving average: ARM, CAKE, CLF, FCX, GFI, STX, and the XAU index.
Now up against some rising trend line resistance: CMI, GLW, IWM, XLK, and XRX
Moderately overbought here: BBBY, the E-Mini 500, ERICY, EWA, HPQ, IDA, the IIX index, MOT, NG, PTR, RDC, SIFY, SU, THQI, WB, and XLB
Standard overbought: AHO, BMS, the DJ-30, DVY, GG, GR, the OEX index, Q, QCOM, SBUX, SEE, and the S&P-500.
A possible top here: CBK, CSCO, CTXS, IWM, IYM, JOSB, NSC, NTES, PMCS, PNRA, PPG, the S&P-500, STMP, TKR, TMO, WY, and XLB
Probable top here: JCP
A break out in either direction is on the way: BMY
Anything posted here may be off base.