Daily Update for 5/16/06

YI: +2.5

To a buy: The XAU hourly at the close.
A possible bottom may be forming in this area for the dollar.
This bunch is trying to bottom out here: JNPR, JOSB, JWN, PEG, SBUX, SEE, SMH, TSY, VIGN, the XCI index, and XRX
Standard oversold at this point: CHC and INTC
Moderately oversold now: AA, ASA, DUK, the E-Mini 500, GOOG, HIT, the IIX index, INTU, IWM, KMX, LSS, MER, MMC, MU, NSC, the OEX index, PHG, QQQQ, RGLD, SNE, the S&P-500, TSM, the VXO, WHR, WOR, WY, XLB, XLE, and XLK
Trying to hold on to some rising trend line support: AMAT, AMN, BBBY, BHI, BMS, GG, gold, GYMB, HMY, NFI, OGE, OXY, PLL, PNRA, RDC, RIO, SIFY, SU, X, and XLU
Trying to hold some falling trend line support: The BTK index, DELL, DJ, MSCC, PG, and TTH
Attempting to hold the 28 DMA here are: AEM, ARM, AVP, BA, BHI, C, CAT, the DJ-30, EWA, EWJ, EWP, EWQ, FBR, GR, MCD, PHG, PTR, SNA, TIE, TYC, X, and XLP
To no position for now: JCP, PPG, and TIE
Trying to break above some falling trend line resistance at this point are: MDT and SHI
To a sell: The XAU hourly at 10 AM this morning.
Anything posted here may be off base.