Daily Update 5/23/06

YI: -0.5

To a buy: RGLD and the XAU index at 1 PM yesterday.
Trying to bottom out here: AIG, ASA, BKS, BMS, CDE, IBM, KEA, MG135, MOT, PCU, RDC, TKR, WB, and WHR
Standard oversold at this point: EOG, GFI, HIT, and JNPR
Moderately oversold: ABX, CAT, HMC, MFE, OCR, and XLF
Trying to hold some rising trend line support: AEM, COP, DO, ENER, GLW, heating oil, IYM, MTU, N, NFI, RMBS, SWC, TSM, WTS, and the XAU index.
Trying to hold some falling trend line support: MCD
Attempting to hold the 28 DMA here: gold and N
Trying to break above some falling trend line resistance: ADP, EBAY, the E-Mini 500, GPC, MAT, and NST
Attempting to break above the 28 DMA here: MCRS and Q
Moderately overbought at this point: BKC
A break out in either direction is on the way for: STMP
Anything posted here may be off base.