Thursday, August 31, 2006

S's & O's based on the closing prices of 8/30/06

YI: +2

Trying to bottom out: NFI and SWC
Moderately oversold: BAA
Trying to hold some rising trend line support: gold, NEM, SYMC, and the XAU index.
Trying to hold some falling trend line support: EOG
Attempting to hold the 28 DMA here: AEM, CHK, CUP, MER, MG135M RHAT, and WB
Trying to break above some falling trend line resistance: AMTD, F, NSC, PDA, RIO, SLE, TASR, and TIE
Attempting to break above the 28 DMA here: CIG and NTES
Now up against some rising trend line resistance: BPOP, CHC, EWA, EWQ, EWU, and the S&P-500
Moderately overbought now: CSTR, GLG, GT, INTC, MFE, OGE, SEE, and SNA
Standard overbought: AMN, MSCC, and TTH
A possible top may be forming in this area for: The BTK index, CSCO, MCD, the OEX index, and WGII
A break out in either direction is on the way for: HIT
And of course, anything posted here may be off base due to human error.

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