Friday, May 19, 2006

Daily Update 5/19/06

YI: -0.5

Possible bottom here for: AMTD, CHC, and GNSS
Trying to bottom out in this area: AMZN, the IIX index, and MMC
Standard overold at this point: CAKE and SEE
Moderately oversold: AMAT, BBBY, EWG, EWJ, GT, heating oil, IBM, IDA, KGC, LMT, MTU, NFI, NXL, OXY, POM, RIO, SLE, X, the XAU index, and the XOI index.
Trying to hold some rising trend line support: AAPL, CAT, CHINA, ERF, EWU, FBR, GR, LSS, PPG, TIE, and the XNG index.
Trying to hold some falling trend line support: INTC and XRX
Attempting to hold the 28 DMA here: MCRS and MDC
Anything posted here may be off base.

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