Monday, November 27, 2006

S$O's based on 11/24/06's close.

YI: +4.5

Possible bottom here for: Q
Trying to bottom out in this area: BPOP and CREE
Moderately oversold now: ALEX, CBK, GM, SGP, WB, and WHR
Trying to hold some rising trend line support: AMN, BBBY, the BKX index, the DJ-30, IBM, IWM, MRK, SKS, and SMTC
Attempting to hold the 28 DMA here: BAC, BMS, and TZOO
Trying to break above some falling trend line resistance: ABX, AU, BHI, BKC, CUP, MFE, NEM, RGLD, and the VXO
Attempting to break above the 28 DMA here: AMD, CMI, FBR, and RHAT
Now up against some rising trend line resistance: ACAS and CAKE
Moderately overbought now: AMTD, COP, EOG, GLD, SIFY, and the XAU index.
Standard overbought at this point: DELL, DO, FXE, HMY, PDE, RNR, and WDC
Extremely overbought: AEM and PTR
A possible top may be forming in this area for the S&P-500.
To a sell: The S&P-500.
Any or even all of the work here could be off base, but don't count on it. (g)

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