Daily Update 7/5/06

YI: +0.5

Trying to bottom out: BKC
Trying to break above some falling trend line resistance: DRG index, QLGC, RFMD, XLF, and XRX
Attempting to break above the 28 DMA here: CY, DJ, ELY, GRZ, IIT, JNPR, MOT, NOK, PLT, PMCS, and RDC
Now up gainst some rising trend line resistance: CPB and NLY
Moderately overbought now: AHO, AMN, ASA, AVP, the BTK index, CHK, DVY, ERICY, EWA, EWC, EWD, FXE, GG, IDA, MRK, NST, PDE, PHG, PPG, SNA, TMO, TTH, VZ, WB, WDC, the XAU index, and XLB
Standard overbought here: CLG, CMI, and TXU
A possible top may be forming in this area for: INTU
Anything posted here may be off base.