Monday, October 23, 2006

S&O's based on the 10/20/06 close.

YI: +5

Trying to bottom out in this area: CBK
Standard oversold at this point: GNSS
Moderately oversold: AMAT and NFI
Trying to hold some rising trend line support here: APPB, CMI, CSTR, JWN, SMTC, WGII, the XAU hourly, and XLF
Attempting to hold the 28 day moving average: AIG, DELL, the dollar, IRF, NWL, and TSS
Trying to break above some falling trend line resistance here: MDT, SCHW, and XLE
Attempting to break above the 28 day moving average: FXE
Now up against some rising trend line resistance: CLF
Moderately overbought now: AMN, EBAY, GLG, and PDE
Extremely overbought: AAPL, EWP, IDA, JCP, and PCU
A possible top may be forming in this area for: SFY and TXU
To a sell: The XAU hourly at 10 AM on Friday.
And as is always the case, anything posted here may be off base.

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