Tuesday, August 8, 2006

Update based on closing prices of 8/7/06

YI: -0.5

Standard oversold: IFN
Moderately oversold: The dollar, DO, INTC, and MDT
Trying to hold some rising trend line support: The BKX index, C, CPB, EWU, GE, GFI, HPQ, JNJ, KMX, LMT, MRK, PCU, PLT, SKS, and TIE
Trying to hold some falling trend line support: PDE and WDC
Attempting to hold the 28 DMA here: AIG, EWA, POM, SFY, and WOR
To a hold for now : MRVL
Trying to break above some falling trend line resistance: APPB and EMC
Attempting to break above the 28 DMA: MFLX and QLGC
Moderately overbought: F, LYO, MG135, and NLY
Possible top here: ACAS
To a sell: TXU
A break out in either direction is on thye way for: GE and RFMD
Anything posted here may be off base.

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