Thursday, November 2, 2006

S&O's based on the 11/1/06 close.

YI: +3

Standard oversold: FDP
Moderately oversold: CGI, CMI, the DRG index, HIT, and LYO
Trying to hold some rising trend line support: BMS, CLF, EWC, JCP, the OEX index, OXY, PHG, QQQQ, REDF, and the S&P-500.
Attempting to hold the 28 DMA here: AIG, EOG, IDA, JNJ, PDE, SU, TASR, and VC
To no position for now: MRK and the XAU hourly at noon yesterday.
Trying to break above some falling trend line resistance: AA, AVP, CSCO, gold, GRZ, NEM, and SYMC
Moderately overbought now: CPB, DELL, GG, and MRVL
Standard overbought: XLB
A possible top may be forming in this area for: ABX, AEM, ASA, GT, and PHI
A break out in either direction is on the way: MDT and MTU
Anything posted here may be off base.

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