Daily Update 5/11/06

YI: +4

Moderately oversold at this point: BPOP, STP, and SUN
Trying to hold some rising trend line support at this juncture: AAPL, BAC, ELY, GE, JNPR, NVLS, PHI, RFMD, SMH, and WB
Trying to hold some more rising trend line support here: ERICY
To no position for now: FXE
Trying to break above some falling trend line resistance: EBAY, GFI, heating oil, and JDSU
Attempting to break above the 28 DMA here: F, MCRS, MER, and SPC
Now up against some rising trend line resistance: AEM, CAT, ECA, GG, and PETM
Moderately overbought now: FCX, LSI, MCD, and XLP
Standard overbought at this juncture: CLF, GLG, IIT, WGII, and XLB
Extremely overbought now: EWI and EWU
A possible top may be forming in this area for: AA, KO, and WTS
Probable top here for ABX
To a sell: IYM and JCP
Anything posted here may be off base.