Thursday, June 22, 2006

Daily Update 6/22/06

YI: -2

To a buy: CDE, JOSB, and the XAU hourly at 10 AM yesterday.
Possible bottom here for: BAA, DELL, and EBAY
Trying to bottom out in this area: AA, BKS, CAKE, CLF, EWC, N, PETM, PHI, PLL, SMTC, and YCC
Trying to hold some rising trend line resistance here: MCRS and Q
Trying to hold some falling trend line support: RIG and WHR
Attempting to hold the 28 DMA: XLU
Trying to break above some falling trend line resistance here: ALEX, EWD, the E-Mini 500, FTO, MRK, NEM, RGLD, RMBS, SLV, SNA, SU, TRF, WB, WGII, and WY
Attempting to break above the 28 DMA: HMC, the IIX index, MG135, PHG, QQQQ, SHI, and the XCI index.
Moderately overbought now: BBBY and VZ
Anything posted here may be off base.

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