Thursday, September 28, 2006

S&O's for the 9/28/06 close.

YI: +4.5 (Some type of topping process may be on the way for the market.)

Possible bottom in this area for: YHOO
Now standard oversold: RHAT
Trying to hold on to some rising trend line support: BBBY, BPOP, C, MDT, Q, TTH, and VZ
Attempting to hold the 28 DMA here: TSS
To a hold for now: GG
Trying to break above some falling trend line resistance now: AA, AAUK, GLG, PEG, STP, and XLP
Attempting to break above the 28 DMA here: ABX, AEM, ASA, GLD, gold, KGC, RGLD, RIO, SFY, SLV, SU, XLE, the XNG index, and the XOI index.
Now up against some rising trend line resistance: ARM, DELL, ENR, SCHW, THQI, and XLK
Moderately overbought at this point are: CAKE, the E-Mini 500, GM, SLE, and YCC
Extremely overought now: MCD
A possible top may be forming in this area for: NST
To a sell: The XAU hourly at 1 PM.
A break out in either direction is on the way for: ELN
And as is always the case, anything posted here may be off base.

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