Tuesday, November 28, 2006

S&O's based on the close of 11/27/06

YI: +3

Moderately oversold at this point: CREE and JNJ
Trying to hold some rising trend line support: ACF, CMI, EBAY, EMC, F, HIT, heating oil, PLL, QQQQ, SHI, VZ, the XAU hourly, and XLK
The dollar is trying to hold falling trend line support.
Attempting to hold the 28 DMA here: BAA, DJ, EBAY, IBM, IFN, KO, the OEX index, OGE, the S&P-500, and TMO
Trying to break above some falling trend line support: CKG, GFI, and SPC
Moderately overbought at this point: ASA, GG, and TSM
Standard overbought now: AA and GRZ
Extremely overbought: IIT
A possible top may be forming in this area for: NTES
Toppy here: HMY, IYM, and SLV
A break out in either direction is on the way for: MFE, MSCC, and OCR
Anything posted here may be off base.

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