Daily Update for 7/26/06

YI: -1

Possible bottom here for: WY
Trying to bottom out: AA and WON
Now trying to break above some falling trend line resistance: CAKE, COP, CSCO, CUP, ENER, EOG, ERF, EWA, EWP, GT, IRF, IWM, IYM, MDT, MFLX, OXY, PCU, PHI, QLGC, SWC, the XAU index, and XRX
Attempting to break above the 28 DMA here: ELY, SNDK, and WHR
Now up against some rising trend line resistance: The BKX index, BMY, and XLP
Moderately overbought at this point: The DRG index, and SGP
Standard overbought now: MRK
Extremely overbought: LMT
Possible top here: BAC
A break out in either direction is on the way for: SHI and TRF
Anything posted here may be off base.