Sunday, October 29, 2006

S&O's based on the 10/27/06 close.

YI: +4

Extremely oversold: RHAT
Moderately oversold: LMT, OCR, and WGII
Trying to hold some rising trend line support here: CGI, ENR, GM, IDA, MDT, SUN, and X
Trying to hold falling trend line support: GFI
Attempting to hold the 28 day moving average: TZOO
Trying to break above some falling trend line resistance: KGC, MTU, and NOK
Attempting to break above the 28 DMA here: AMAT and YHOO
Now up against some rising trend line resistance: ALEX, ARM, and MFE
Moderately overbought now: DJ, GT, PLT, and SNE
Standard overbought: AEM and AIG
A possible top may be forming in this area for: CHK
Probable top here: ACAS and EWP
To a sell: MRK, and the XAU hourly at 2 PM on Friday.
And of course as is always the case, anything posted here may be off base.

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