Wednesday, August 2, 2006

Update based on the closing prices of 8/1/06

YI: -0.5

To a buy: The XAU hourly at 11 AM yesterday.
Extremely oversold: BKS
Standard oversold: FBR
Moderately oversold: AVP and BMY
Trying to hold some rising trend line support: CHC, GE, HMY, IFN, INTU, NXL, and NWL
Trying to hold some falling trend line support: FDP and SBUX
Attempting to hold the 28 DMA here: PEG and YCC
To a hold for now: AMZN, BBBY, CSCO, and FDP
Trying to break above some falling trend line resistance: GT, NTES, and RMBS
Attempting to break above the 28 DMA here: AMAT, CUP, ELN, IRF, and JWN
Standard overbought now: AAPL and ERF
Extremely overbought: N
A possible top may be forming in this area for: AHO, CHK, MOT, and SFY
Anything posted here may be off base.

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