Daily Update 5/8/06

YI: +4

Trying to bottom out in this area: F and RGLD
Moderately oversold at this point: JDSU and PG
Attempting to hold some rising trend line support: GFI, heating oil, KGC, SUN, and TRF
To no position for now: AEM and JCP
Trying to break above some falling trend line resistance: ABS, AMD, the BTK index,
GOOG, LMT, MCD, MRK, PEG, PNRA, SGP, SHI, SMH, SNDK, WHR, and XLE
Attempting to break above the 28 DMA here: DJ
Now up against some rising trend line resistance: The DJ-30, FXE, IYM, RIO, SBUX, and TMO
Moderately overbought at this point: APPB, CLF, MG135, MO, NSC, RHAT, SGDE, and the XAU index.
A possible top may be forming in thia area for: CBK and SYMC
Probable top here for: GYMB
To a sell: The XAU hourly at 11 AM on Friday.
A break out in either direction is on the way: CHC, PBY, and TKR
Anything posted here may be off base.