Daily Update: 7/21/06

YI: -2

Moderately oversold: CUP
Trying to hold some rising trend line support: EOG
Attempting to hold the 28 DMA here: BAA
Trying to break above some falling trend line resistance: BA, the DRG index, EMC, ENR, EWD, EWG, GR, GT, GYMB, and HPQ
Attempting to break above the 28 DMA here: EWI, EWQ, EWU, GLW, GNSS, and IBM
Now up against some rising trend line resistance: BMY, CHC, and IDA
Moderately overbought at this point: ACAS, AMTD, AVP, BAC, the BKX index, and DVY
To a sell: The XAU index at 10 AM yesterday.
A break out in either direction is on the way for: CHK and IIT
More later.
Anything posted here may be off base.