Daily Update 5/3/06

YI: +3

To a buy: The XAU hourly at 2 PM yesterday.
Trying to bottom out in this area: SEE and the XCI index.
Standard oversold at this point: FDP
Moderately oversold: MCRS, MER, and PETM
Attempting to hold some rising trend line support: AHO, silver, MOT, WY, XLK, and YCC
Trying to hold falling trend line support: The BTK index, F, and MDC
Attempting to hold the 28 DMA here: KMX, MSO, PLT, and SCHW
To no position for now: GG and TIE
Trying to break above some falling trend line resistance: CHK, KEA, STP, and the YI.
Attempting to break above the 28 DMA here: ELY
Now up against some rising trend line resistance: ASA
Moderately overbought at this point: AU and Q
Standard overbought now: CPB and ERF
A possible top may be forming in this area: IYM and LYO
To a sell: JCP
Anything posted here may be off base.