Daily Update 4/16/06

YI: +3

Possible bottom here: JNJ
Trying to bottom out around this level: AMD and MO
Moderately oversold: JDSU and MAT
Attempting to hold some rising trend line support: DUK and MCD
Attempting to hold the 28 DMA here: AMN, CGI, LYO, and RHAT
Now trying to break above some falling trend line resistance: ANH, AU, CHINA, EBAY, JNPR, MER, MMC, MRVL, NXL, SGP, STX, TYC, and XLP
Now up against some rising trend line resistance: AEM, CLG, and SWC
Moderately overbought: C, ENER, RGLD, and STP
Standard overbought at this point: ABX, KGC, NEM, and STMP
Extremely overbought: GG, N, and OXY
A possible top in this area: ERF
Anything posted here may be off base.