Daily Update 5/2/06

YI: +2

Extremely oversold at this point is the dollar.
Moderately oversold: MAT and SEE
Trying to hold some rising trend line support here: BMY, IIT, NOK, and WHR
Trying to hold falling trend line support: WON
Attempting to hold the 28 DMA here: CMI and GLW
Trying to break above some falling trend line resistance: BKS, DUK, RNR, and SYMC
Attempting to break above the 28 DMA here: AIG and NXL
Now up against some rising trend line resistance: EWU, gold, IRF, and KGC
Moderately overbought at this point: BGF, the DRG index, DVY, GE, MFE, OCR, QLGC, SKS, and WDC
Standard overbought: AVP, BAA, BAC, the BKX index, C, CGI, NFI, SNA, and WB
Extremely overbought: EWA, FXE, and TRF
A possible top may be forming in this area: EWI, EWP, and PHI
To a sell: The XAU index at noon yesterday.
Anything posted here may be off base.