Daily Update 5/1/06

YI: +3

To a buy: The XAU hourly at 10 AM on Friday.
A possible bottom may be forming in this area for DELL and MDC
These four stocks are trying to bottom out: CHC, CLF, LSS, and SIFY
Moderately oversold at this point: GPC, NTES, WOR, WTS, and WY
Attempting to hold some rising trend line support: ADP, CSTR, IFN, PETM, PHG, and SHI
Trying to hold falling trend line support: MCRS and REDF
Attempting to hold the 28 DMA here: AA, ENER, heating oil, INTU, IWM, NG, PBY, RDC, SGDE, SNE, SWC, and VIGN
Trying to break above some falling trend line resistance: ABS, CPB, DJ, EOG, SNDK, and TTH
Attempting to break above the 28 DMA here: LSI
Now up against some rising trend line resistance: SCHW
Moderately overbought at this point: AAPL, FBR, NWL, and PG
Standard overbought: LYO
Extremely overbought: BHI
A possible top may be forming in this area: TMO
Anything posted here may be off base.