Wednesday, November 8, 2006

S&O's based on the 11/07/06 close.

First, congratulations to the democrats for a solid win.

YI: +4

To a buy: CBK and FDP
A possible bottom may be forming in this area for: RADN
Trying to bottom out at this point: STMP
Standard oversold now: TXU
Moderately oversold: ALEX and CAKE
Trying to hold some rising trend line support: The dollar, GLD, KGC, and the XAU hourly.
Attempting to hold the 28 day moving average: ABX and XLU
To no position for now: The XAU hourly.
Trying to break above some falling trend line resistance: AA, ALEX, AMZN, C, LMT, OCR, RDC, RFMD, RHAT, TASR, WB, and WOR
Attempting to break above the 28 day moving average: SYMC
Now up against some rising trend line resistance: AIG, the BTK index, ERIC, EWQ, GR, IBM, and WON
Moderately overbought now: DJ, DO, ECA, ELY, EWC, F, HMC, MDT, PMCS, PTR, SU, SWC, WMB, XMSR, and the XNG index.
Standard overbought at this point: AAUK, CSCO, MMC, and RIG
Extremely overbought: MER and WTS
A possible top may be forming in this area for: EWI, SFY, SLV, and YHOO
Toppy here is: The E-Mini 500.
Probable top here: AEM
To a sell again: PCU
And of course, anything posted here may be at least slightly off base.

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