Daily Update 5/10/06

YI: +4.5, so the market is getting overbought again.

Trying to bottom out in this area: XMSR
Standard oversold at this point: EBAY
Moderately oversold now: CSTR
Trying to hold some rising trend line support: OCR, SNE, and VZ
Attempting to hold some falling trend line support: MAT
To no position for now: The XAU hourly.
Trying to break above some falling trend line resistance: ALEX, EMC, INTC, PETM, and the XOI index.
Attempting to break above the 28 DMA here: CREE, TTH, and XLK
Now up against some rising trend line resistance: AA, ARM, RADN, and SKS
Standard overbought at this point: FTO
A possible top may be forming in this area: The BKX index, CPB, and IRF
To a sell: IFN
A break out in either direction is on the way for: SHI
Anything posted here may be off base.