Daily Update: 7/18/06

YI: -3.5

Possible bottom here for: HIT and IRF
Trying to bottom out in this area are: BA, GE, HMC, JNPR, JWN, MCRS, NSC, NWL, the OEX index, SNDK, SNE, VZ, and WTS
Extremely oversold now: STMP
Standard oversold at this point: AIG, BPOP, CY, IBM, MSO, NOK, the QQQQ, RI, SEE, and TASR
Moderately oversold: AMZN, BMS, the DRG index, EWI, EWQ, EWU, FXE, GR, MER, REDF, TYC, WGII, and XLF
Trying to hold some rising trend line support: AA, ACAS, CDE, CLF, CSTR, the DJ-30, DO, EWA, IDA, IIT, WB, and the XNG index.
Trying to hold some falling trend line support: AMD, EBAY, F, RDC, and TIE
Attempting to hold the 28 DMA here: GM, INTU, NFI, NXL, and PG
Trying to break above some falling trend line resistance: BKC, CHINA, MAT, N, PEG, Q, SBUX, and STP
Attempting to break above the 28 DMA here: PETM
To a sell: The XAU hourly at 10 AM yesterday.
A break out in either direction is on the way for: GRZ
Anything posted here may be off base.