Monday, June 12, 2006

Daily Update 6/12/06

YI: -1.5

To a buy: AMTD
Possible bottom here for: AMD
Trying to bottom out in this area: AAUK, ASA, AU, GR, HIT, HMC, JDSU, NWL, PHI, and the YI
Extremely oversold at this point: INTC and JOSB
Standard oversold: BAA, GT, and PTR
Moderately oversold: EBAY, EWD, EWP, EWU, and GRZ
Trying to hold some rising trend line support: CHINA and GE
Trying to hold some falling trend line support: DJ, ENER, ERICY, the IIX index, and MMC
To no position for now: The dollar.
Trying to break above some falling trend line resistance: AMZN, the BKX index, IDA, IFN, MRVL, NSM, NXL, and QLGC
Attempting to break above the 28 DMA here: BPOP, MCD, PG, and SBUX
Moderately overbought: The dollar and NVLS
Standard overbought: RNR
To a sell: The XAU hourly at 11 AM on Friday.
I did not finish charting all of Friday's closing prices yet, so there may be some more signals or opinions by 1 PM.
Anything posted here may be off base.

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