Thursday, November 9, 2006

S & O's for the 11/08/06 close.

YI: +4

Trying to bottom out in this area is: NTES
Moderately oversold at this point: NXL and SPC
Trying to hold some rising trend line resistance: BKC, CPB, FTO, JNJ, LYO, NEM, RIO, SGP, and the XAU index.
Attempting to hold the 28 DMA here: GT, MRK, and NEM
Trying to break above some falling trend line resistance: BGF, the BKX index, CHC, GE, OXY, TYC, and the XCI index.
Attempting to break above the 28 day moving average: SMH
Now up against some rising trend line resistance: EWG, QQQQ, and SKS
Moderately overbought at this point: NLY and NVLS
Standard overbought here: BA, PG, and PHG
Toppy: The DJ-30, the OEX index, and TMO
A break out in either direction is on the way for: EMC, GM, and GNSS
And as is always the case, anything printed here may be more or less off base.

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