Tuesday, September 26, 2006

S&O's for the close of 9/25/06

YI: +3.5

A possible bottom may be forming in this area for: AU and RIO
Trying to bottom as best they can at this point are: NSC, SNE, STP, and the XNG index.
Standard oversold now: MSCC, NTES, and X
Moderately oversold: PCU, SFY, TZOO, and WOR
Trying to hold some rising trend line support in this area: The dollar, ENER, ENR, IYM, LSS, PDE, SMTC, SYMC, WTS, and XLP
Trying to hold some falling trend line support: AA, CAT, and PTR
Attempting to hold the 28 DMA here: CSTR, IRF, LSI, MRVL, MU, RADN, TMO, WHR, and WON
To no position for now: ENR
Trying to break above some falling trend line resistance in this area: CAKE, JNJ, KO, OGE, TASR, and YCC
Now up against some rising trend line resistance: AAPL, ACAS, MRK, and SEE
Moderately overbought at this point: BA
Extremely overbought: TTH
And of course as is always the case, anything posted above may be off base.

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