Sunday, June 4, 2006

Daily Update for: 6/5/06

YI: +1.5

A possible bottom may be forming in this area for: INTC
Trying to bottom out is: SNDK
Moderately oversold at this point: gold
Attempting to hold the 28 DMA here: The VXO and YHOO
Attempting to hold the 50 DMA: gold
To no position for now: MDC
Trying to break above some falling trend line resistance: ADP, BMY, CHINA, DUK, the E-Mini 500, GNSS, MSCC, RI, RMBS, SYMC, TRF, TTH, WON, and the XAU hourly.
Trying to break above horizontal trend line resistance: CGI
Attempting to break above the 28 DMA here: AA, AMAT, BBBY, BPOP, CHC, the DJ-30, EMC, EOG, EWG, GLW, GOOG, GR, the IIX index, IWM, IYM, JNPR, MDC, MER, MSO, NFI, NVLS, PBY, RGAT, SCHW, the S&P-500, SPC, TASR, TKR, VZ, WOR, XLB, and XRX
Moderately overbought now: ARM, CMI, DELL, DVY, ECA, FBR, INTU, MDT, Q, and RNR
Standard overbought at this point is: CBK
A possible top may be forming in this area for: ENR
A break out in either direction is on the way for: AVP
Anything posted here may be off base.

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