Daily Update 7/6/06

YI: -0.5

Trying to hold some rising trend line support: CHK, HMC, INTU, NWL, RIG, VIGN, and WDC
To a hold for now: AMD and BBBY
Trying to break above some falling trend line resistance: ACAS, EOG, SLE, and the VXO
Attempting to break above the 28 DMA here: IBM, MSO, REDF, and RMBS
Moderately overbought now: CDE, FCX, KGC, LMT, MG135, NFI, NG, the OEX index, PHI, RGLD, the S&P-500, WGII, and XLU
Standard overbought at this juncture: BGF, FTO, GOOG, and WOR
Extremely overbought now: OGE
A possible top of some type may be forming in this area for: SFY, SU, and the XNG index.
A break out in either direction is on the way for: ENER
Anything posted here may be off base.