Daily Update 4/7/06

YI: +4
Moderately oversold: DJ and F
Attempting to hold rising trend line support: DELL, JOSB, PHG, and SBUX
Attempting to hold falling trend line support: CAKE, GE, and NST
Attempting to hold the 28 DMA: PNRA and SGDE
Attempting to break above falling trend line resistance: IBM, MRVL, RGLD, and TKR
Attempting to break above horizontal trend line resistance: STMP
Attempting to break above the 28 DMA: AMD
Now up against some rising trend line resistance: The E-mini 500, NOK, the S&P-500, and XLF
Moderately overbought: ALEX, BHI, ERF, HPQ, MDC, NEM, NSM, SNDK, SUN, TASR, WDC, and the XCI index.
Standard overbought: COP, EWI, GRZ, HIT, LSS, OXY, PCU, RIG, SIFY, and SU
Extremely overbought: HMC
A possible top in this area: ASA, EWP, PPG, and XLE
Probable top here: AEM
Anything posted here may be off base.