Daily Update 4/24/06

Today's posting was delayed due to the blog's not being able to download this morning for an extended period of time.

YI: +3.5

Standard oversold at this point: MDC
Moderately oversold: FDP, LSI, and WDC
Now attempting to hold some rising trend line support: CBK, CDE, FCX, NG, NTES, NVLS, STP, and SWC
Trying to hold falling trend line support: RNR
Attempting to hold the 28 DMA here: AVP, CLG, silver, RGLD, and RMBS
Now attempting to break above some falling trend line resistance: AAPL, AHO, GM, and LYO
Trying to break above the 28 DMA: The DRG index, KO, MRK, OCR, and XLP
Now up against some rising trend line resistance: SGDE
Moderately overbought at this level: CHINA, EWP, NFI, PHG, SGP, WB, and XLF
Standard overbought now: EWI, GFI, JCP, LMT, MU, PPG, SNE, TMO, and TXU
Extremely overbought: NOK and PLT
A possible top near this level: BA
Anything posted here may be off base.