Daily Update 6/26/06

YI: -2.5

To a buy: RMBS and the XAU hourly at 10 AM on Friday.
Trying to bottom out: CSTR, EMC, F, and MOT
Standard oversold: MMC
Moderately oversold: GE and MDT
Trying to hold some rising trend line support: ABX, DVY, JDSU, NOK, TYC, and XLU
Trying to hold some falling trend line support: AMAT and SMTC
To no position for now: The XAU hourly.
Trying to break above some falling trend line resistance: AMD, BKC, CAKE, COP, GLG, gold, MFE, MU, WDC, WMB, WTS, the XNG index, and the XOI index.
Attempting to break above the 28 DMA: ARM, ASA, ERF, FTO, GFI, GG, heating oil, MDC, MFLX, STP, TIE, USU, the XAU index, and XLE
Moderately overbought: CUP, GM, and PNRA
A break out in either direction is on the way for: EBAY, TSY, and XMSR
Anything posted here may be off base.