Daily Update 5/17/06

YI: +2

Trying to bottom out in this area: AMD, AMTD, CY, DJ, ELY, EOG, ERICY, JDSU, JNJ, MER, MSO, NVLS, RMBS, and SNE
Standard oversold at this point are: CDE, SMTC, and SUN
Moderately oversold now: ALEX, AU, COP, ECA, EMC, ENER, ERF, EWD, FCX, GFI, GG, GLG, GRZ, HPQ, IIT, MG-135, MG-136, NG, PDE, SFY, SWC, TASR, TRF, the XAU index, and the XNG index.
Trying to hold some rising trend line support: CLG, CREE, DO, RIG, STMP, and USU
Trying to hold some falling trend line support: ACF, MCRS, and NST
Attempting to hold the 28 DMA here: ABX, EWG, IYM, MFE, NLY, PCU, and WTS
To no position for now: IYM and the XAU index at 2 PM yesterday.
Standard overbought at this juncture: ELN
Anything posted here may be off base.