Daily Update for: 7/17/06

YI: -3.5

To a buy: The XAU hourly at 10 AM on Friday.
A possible bottom may be forming in this area for: PMCS
Trying to bottom out in this area are: ACF, APPB, BKS, DJ, ERICY, HIT, the IIX index, LSI, MMC, SCHW, TIE, TSM, and the XCI index.
Extremely oversold: CREE and XMSR
Standard oversold at this point: DELL and WY
Moderately oversold now: ADP, ALEX, AMN, C, CAT, CGI, CHINA, the E-Mini 500, EWG, EWJ, FBR, HMC, HPQ, IYM, JWN, MCRS, the OEX index, PHG, PNRA, PPG, RIO, SKS, SNE, SWC, TKR, TSS, the VXO, VZ, WDC, and XLB
Trying to hold some rising trend line support: The BKX index, BMY, the BTK index, CBK, FXE, GYMB, KO, LYO, MG136, NST, POM, SGP, SNA, the S&P-500, WON, the XAU index, and XLP
Trying to hold some falling trend line support at this point are: CAKE, ELY, EMC, QCOM, RI, and USU
Attempting to hold the 28 DMA here: AAUK, ABX, BAC, CHC, CMI, CPB, EWC, GG, GLG, GOOG, LSS, MG135, PCU, Q, RIG, SHI, SUN, WOR, and YHOO
Trying to break above some falling trend line resistance: GNSS, PTR, and THQI
Attempting to break above the 28 DMA here is: THQI
Now up against some rising trend line resistance: Heating Oil
A break out in either direction is on the way for: CUP
Anything posted here may be off base.