Thursday, September 28, 2006

S&O's based on the closing prices of 9/27/06

The YI at +4 again means the market is now in a fairly overbought condition.

Moderately oversold now is: PMCS
Trying to hold some rising trend line support at this point: KMX and SPC
Attempting to hold the 28 DMA here: AMD
To no position for now: INTC
To a hold: HMY
Trying to break above some falling trend line resistance here: ARM, BA, CGI, COP, ECA, HMY, IFN, RIG, SFY, STMP, STX, SU, and WDC
Attempting to break above the 28 DMA here: BHI, FCX, OXY, TXU, and WMB
Now up against some rising trend line resistance: AMZN, BMS, CREE, the DJ-30, and JCP
Moderately overbought at this point: GR, INTC, and MDC
Standard overbought here: BAC, BBBY, the BKX index, GLW, JNPR, NWL, the S&P-500, and 2T104
Extremely overbought now: The OEX index.
A possible top may be forming in this area for: MER and YCC
And as is always the case of course, anything posted here may be off base.

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