Wednesday, August 30, 2006

S's & O's based on the closing prices of 8/29/06

YI: +2

To a buy: ARM and the XAU hourly at 11 AM yesterday.
Trying to bottom out: ACF and CREE
Moderately oversold: AU, CBK, JCP, and NFI
Trying to hold some rising trend line support: AAUK, ASA, CLG, EWC, HMY, JNJ, and KGC
Trying to hold some falling trend line support: BHI and FBR
Attempting to hold the 28 DMA here: OXY and PTR
Trying to break above some falling trend line resistance: The BKX index, DJ, IRF, LSI, NSM, PHI, and PLL
Attempting to break above the 28 DMA here: AVP and GOOG
Now up against some rising trend line resistance: ADP, EWD, EWG, and IDA
Moderately overbought: C and INTC
A possible top may be forming in this area for: LYO
A break out in either direction is on the way for: CREE and PCU
More later.
Anything posted here may be off base due to human error.

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