Sunday, December 17, 2006

Based on the 12/15/06 close:

YI: +5

Trying to hold some rising trend line support: NG and TASR
Trying to break above some falling trend line resistance: ASA
Trying to break above horizontal trend line resistance: AVP
Attempting to break above the 28 DMA here: The DRG index, GNSS, INTU, and RI
Now up against some rising trend line resistance: EMC, RIO, and the XOI index.
Moderately overbought: ADP and RDC
Standard overbought: BHI, BKC, IYM, JWN, OXY, SGP, WB, and WOR
Extremely overbought: The DJ-30, OGE, RIG, the S&P-500, and WY
A possible top may be forming in this area for: DJ and DVY
Toppy here: AIG, IBM, and SVU
The VXO is at a bearish level.
To a sell: The E-Mini 500, EWU, and the OEX index.
A break out in either direction is on the way for: GOOG
Anything posted here could be off base.

No comments: