Thursday, March 2, 2006

Daily Update for: 3/2/06

YI: +3.5
Trying to bottom out here: ABX, GT, HMY, LSS, SYMC, and YHOO
Now standard oversold: FDP
Now moderately oversold: AA, ELN, F, and MDC
Trying to hold some rising trend line support: ABS, ACAS, AIG, EBAY, EWI, LMT, MCD, MRK, PEG, TRF, TYC, and WTZ
Trying to hold some falling trend line support: RGLD
Attempting to hold the 28 DMA: AMD, ENR, MAT, PG, PNRA, RADN, SNA, and XLB
To no position for now: PG
Trying to break above horizontal trend line resistance: The XCI index.
Trying to break above some falling trend line resistance: BBBY, CHK, EOG, FCX, PTR, and RMBS
Attempting to break above the 28 DMA: RNR
Now up against some rising trend line resistance: CHINA, IRF, and NSM
Standard overbought at this point: CREE
Extremely overbought: AMTD and CBK
A possible top here: CLG
A break out in either direction is on the way: CHC and QCOM
Anything posted here may be off base.

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