Friday, May 5, 2006

Daily Update 5/5/06

YI: +3

Trying to bottom out in this area: TSY
Standard oversold at this point: GNSS
Moderately oversold: ACAS, ALEX, CDE, silver, PMCS, and RMBS
Trying to hold some rising trend line support: ACF, ECA, ERICY, EWC, FTO, KMX, NG, and SU
Attempting to hold horizontal trend line support: BBBY and ENR
Attempting to hold the 28 DMA here: AHO and TKR
Trying to break above some falling trend line resistance: HPQ, THQI, and XMSR
Now trying to break above horizontal trend line resistance: BGF and MCRS
Attempting to break above the 28 DMA here: KEA
Now up against some rising trend line resistance: EWQ
Moderately overbought now: NI and WTS
Standard overbought at this point: QCOM and RNR
Probable top here for: IFN
To a sell: PPG
Anything posted here may be off base.

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