Daily Update for: 5/30/06

YI: +0.5

To a buy here: MDC
Trying to bottom out in this area is: CAKE
Standard oversold at this point: OCR
Trying to hold some rising trend line support now: ADP and the VXO
Trying to hold some falling trend line support is: MRVL
To a hold at this juncture: FDP
Trying to break above some falling trend line resistance: BKC, CREE, F, JNPR, LYO, NVLS, RADN, SBUX, SCHW, SEE, TSY, WHR, and the XCI index.
Attempting to break above the 28 DMA here: ECA, ERF, EWC, FDP, KEA, OXY, RIG, and TRF
Now up against some rising trend line resistance: BGF
Moderately overbought now: AMZN, BHI, CUP, EBAY, XLP, and YHOO
A possible top may be forming in this area for: CPB and GM
Anything posted here may be off base.