Friday, September 22, 2006

S&O's based on the closing prices of 9/21/06

YI: +3

A possible bottom may be forming in this area for: ERF and NEM
Trying to bottom out at this point are: ASA, ECA, FCX, GLG, SLV, and SU
Standard oversold: STP and SUN
Moderately oversold now: EBAY
Trying to hold some rising trend line support here: ABX, AMAT, BMY, CREE, CSCO, GE, IRF, NSC, OGE, SBUX, SMH, and TXU
Trying to hold some falling trend line support: RIO and SFY
To no position for now: EWP and PHG
Trying to break above some falling trend line resistance here: GG, CAKE, CBK, MDT, RHAT, and SWC
Trying to break above horizontal trend line resistance: BAC
Now up against some rising trend line resistance here: RNR and TTH
Moderately overbought now: C and ELY
Standard overbought at this point: EWD, JNPR, and JOSB
A possible top may be forming in this area for: MTU, PNRA, and SYMC
To a sell: JWN
And of course as is always the case, anything posted here may be way off base.

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