Friday, December 29, 2006

Based on the 12/28/06 close.

YI: +4.5

To a buy: NFI
Trying to bottom out: AMTD and heating oil.
Trying to hold some rising trend line support: BKS, FDP, and LSI
Attempting to hold the 28 DMA here: AVP
Trying to break above some falling trend line resistance: ALEX, EBAY, EWG, IWM, MDC, PHI, SFY, SMTC, the S&P-500, and TASR
Attempting to break above the 28 DMA here: AA, the BTK index, GM, and MMC
Now up against some rising trend line resistance: The DJ-30, the E-Mini 500, HPQ, IBM, OGE, PCU, and RGLD
Moderately overbought now: AMN, ENR, WGII, and WON
Standard overbought: BMY, CLF, and MCRS
Extremely overbought: ACAS and the BKX index.
A possible top may be forming in this area for: MCD
Toppy here: PTR
Anything posted here may be off base.

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