Daily Update 6/15/06

YI: -3

To a buy: The XAU hourly.
Possible bottom here: AMTD, CAT, the DJ-30, DO, EMC, JDSU, JOSB, PTR, and the XCI index.
Trying to bottom out in this area: AMN, BAA, BBBY, CDE, EWG, GLW, GRZ, HMY, the IIX index, JWN, KGC, MFLX, MMC, NEM, NFI, the OEX index, PLL, PMCS, QQQQ, REDF, RGLD, RI, SFY, SNE, STMP, SWC, TSS, USU, VIGN, XLF, XLK, and the XNG index.
Extremely oversold: The E-Mini 500, MDC, SLV, and the VXO
Standard oversold at this point: ALEX, ELY, ENER, gold, GPC, IYM, MER, MG136, PBY, PHG, RDC, RFMD, RIG, SCHW, SMH, SMTC, SU, THQI, TIE, WDC, WGII, WTS, and XLE
Moderately oversold: ACF, ARM, BAC, BHI, BKC, the BKX index, BPOP, the BTK index, CHINA, ELN, EWI, LYO, MO, MOT, MU, N, PETM, SKS, SLE, SNA, and TMO
Trying to hold some rising trend line support: AVP, DVY, ERF, IDA, and the S&P-500
Trying to hold some falling trend line support: AAUK, AIG, BKS, CAKE, CBK, CSCO, CY, F, IRF, MCD, OCR, SIFY, WMB, and the YI
Attempting to hold the 28 DMA here: CBK, CGI, and TXU
Trying to break above some falling trend line resistance: AA, ABX, AMAT, AMD, CHK, CREE, CSTR, DJ, the dollar, the DRG index, EWJ, EWP, EWQ, EWU, GLG, LSS, QCOM, RIO, SEE, SNDK, SPIR, SUN, the XAU index, XLB, and the XOI index.
Anything posted here may be off base.