Daily Update 5/31/06

YI: -1

Standard oversold at this point is: DJ
Trying to hold some rising trend line support here: CUP and EWI
Attempting to hold some falling trend line support: MSCC
Trying to break above some falling trend line resistance at this point is: ERICY, gold, JDSU, NXL, SMTC, and SUN
Attempting to break above the 28 DMA here: ACF, DELL, DUK, EWU, FTO, MG135, MU, NG, NOK, NSC, PEG, PHI, POM, RIO, SFY, SU, TTH, X, XLE, the XNG index, and the XOI index.
Now up against some rising trend line resistance is: MOT and NEM
Moderately overbought at this point: GLG
Standard overbought at this level: N, SNA, and TXU
To a sell: The XAU hourly at 11 AM yesterday.
Anything posted here may be off base.