Daily Update 7/12/06

YI: 0

Possible bottom here for: DELL, QCOM, RHAT, and STMP
Trying to bottom out near this level are: AMAT, BPOP, GLW, GNSS, IFN, IRF, MU, QQQQ, RFMD, SMH, SMTC, THQI, and XLK
Extremely oversold at this point: PMCS
Standard oversold: PLT, QLGC, and SNDK
Moderately oversold: CSCO, GRZ, the IIX index, NWL, PETM, SCHW, TIE, and the XCI index.
Trying to hold some rising trend line support: AMZN, ELN, heating oil, NSC, REDF, RIO, VZ, WHR, and XLB
Trying to hold horizontal trend line support: CY and SEE
Trying to hold some falling trend line resistance: KEA, MOT, N, and SPC
Attempting to hold the 28 DMA jere: AA, the BTK index, DO, ENR, INTC, IYM, KMX, MG136, SU, and TTH
Trying to break above some falling trend line resistance: BHI and TASR
Attempting to break above the 28 DMA here: AIG and SLE
Moderately overbought now: C, JNJ, KO, and MTU
A possible top may be forming in this area for: OGE
A break out in either direction is on the way for: GR and SNA
Anything posted here may be off base.