Daily Update 4/21/06

YI: +3.5

Possible bottom here: PG
Trying to bottom out near this level: WON
Standard oversold at this point: DELL and the dollar.
Now attempting to hold some rising trend line support: BPOP, ERF, and RMBS
Trying to break above some falling trend line resistance: AIG, ALEX, GE, IIT, MCRS, POM, SMTC, and WTS
Attempting to break above the 28 DMA here: The BTK index, CAKE, MSCC, and PNRA
Now up against some rising trend line resistance: IWM, PDE, PETM, RFMD, RIG, SBUX, and the S&P-500.
Moderately overbought at this point: AMTD, ELN, EOG, MMC, MRVL, NLY, the OEX index, the VXO, and YCC
Standard overbought: BHI, CHK, CMI, CREE, EWD, EWU, FXE, GR, HIT, INTU, IRF, MER, RDC, SFY, TKR, TRF, and the XNG index.
Extremely overbought now: gold, PTR, and XLE
A possible top in place near this level: IFN and LSS
To a sell: The XAU index at 11 AM yesterday.
Anything posted here may be off base.