Sunday, November 12, 2006

S & O's for the 11/10/06 close.

YI: +3.5

To a buy: The XAU hourly at 2 PM on Friday.
Trying to bottom out in this area: MTU
Extremely oversold now: FBR
Standard oversold at this point: The DRG index and MOT
Moderately oversold: EWJ, JNJ, MRK, QCOM, and SGP
Trying to hold some rising trend line support: CHK, CY, ELN, INTU, LMT, NSTC, RIO, XLB, and XLP
Trying to hold falling trend line support: ERF, GLW, and MU
Attempting to hold the 28 DMA here: FCX, FTO, and MRVL
Trying to break above horizontal trend line resistance: WHR
Trying to break above some falling trend line resistance: WGII
Now up against some rising trend line resistance: AIG, ARM, and DELL
Moderately overbought now: BGF, CDE, ENER, FXE, MCRS, STX, and the XOI index.
Standard overbought at this point: ACAS and GT
Extremely overbought: CSCO, EWI, JCP, and KMX
A possible top may be forming in this area for: NLY and SWC
Toppy here: AAPL
And as is always the case, anything posted here may be more or less off base.

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