Daily Update 5/4/06

YI: +2.5

To a buy: MDC and the XAU hourly at noon yesterday.
Probable bottom here for: HLR
Trying to bottom out in this area: AMTD and the dollar.
A standard oversold reading at this point for: XMSR
Moderately oversold: GOOG, MSCC, RGLD, and THQI
Attempting to hold some rising trend line support: ARM, FCX, GE, NEM, and PCU
Trying to hold falling trend line support: AMZN and PG
Attempting to hold the 28 DMA here: GRZ, PNRA, and SGP
To no position for now: The XAU hourly at 10 AM yesterday.
Trying to break above some falling trend line resistance: SNE
Attempting to break above the 28 DMA here: CLF and LSS
Now up against some rising trend line resistance: AU, DO, ECA, and EWJ
Moderately overbought at this point: SFY, SYMC, and USU
Standard overbought: ABX, EWD, PTR, and SU
Extremely overbought now: RIO and TXU
A possible top may be forming in this area: BAA, BHI, ERF, KGC, OXY, and TRF
Probable top here for: gold, GG, and X
To a sell: AEM
Anything posted here may be off base.