Daily Update 4/20/06

YI: +3.5

Moderately oversold at this point: NWL
Now attempting to hold some rising trend line support: MTU
Trying to hold falling trend line support: DJ
Attempting to hold the 28 DMA: RI
Now trying to break above some falling trend line resistance: ACF, ADP, APPB, BAC, EMC, GM, GT, IBM, KO, PG, RGLD, USU, WB, XLU, and XMSR
Attempting to break above the 28 DMA: FBR, INTC, JDSU, and XRX
Now up against some rising trend line resistance: CDE, EWI, NSC, and QCOM
Moderately overbought: ARM, the BKX index, CY, the DJ-30, the E-Mini 500, FTO, JNPR, KMX, SHI, the S&P-500, and WOR
Standard overbought at this level: ASA, ECA, IWM, RIO, TSM, TZOO, XLB, and the XOI index.
Extremely overbought now: COP, FCX, GRZ, heating oil, IFN, IYM, PCU, and SU
Probable top here: TIE
Anything posted here may be off base.