Tuesday, October 10, 2006

S&O's based on the 10/9/06 close.

YI: +4.5

A possible bottom may be forming in this area for: SNE
Moderately oversold now are: FXE and MU
Trying to hold some rising trend line support: The BKX index, DELL, F, GLW, GM, IIT, MMC, the OEX index, SKS, and STP
Trying to hold some falling trend line support at this point is: PEG
Attempting to hold the 28 DMA here: The DRG index and VZ
Trying to break above some falling trend line support: BGF, CDE, COP, CREE, FBR, IYM, LSS, NSM, RGLD, SFY, WMB, WON, WY, X, and XLB
Attempting to break above the 28 DMA here: AA, ERF, FTO, and NTES
Now up against some rising trend line resistance: C, CSCO, and ERIC
Moderately overbought now: CAT, the dollar, GPC, PCU, REDF, SIFY, and SNDK
Standard overbought at this point are: AMAT, CSTR, EMC, GE, and IBM
A possible top may be forming in this area for: ACAS
And finally, a break out is in either direction is most likely on the way for: RMBS
Anything posted here could be off base of course.

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