Thursday, December 28, 2006

Based on the close of 12/27/06.

YI: +4.5

Trying to bottom out now: AMD, ENER, RFMD, TASR, and YHOO
Moderately oversold: FTO, heating oil, and PDE
Trying to hold some rising trend line support: BHI and ERIC
Trying to break above some falling trend line resistance: ADP, BAA, BKS, PEG, QLGC, SWC, TOL, WDC, and the XAU index.
Attempting to break above the 28 DMA here: F
Now up against some rising trend line resistance: EWJ, IIT, RIO, and XLP
Moderately overbought now: ACF and AMAT
Standard overbought: PBY
Toppy here: ARM
A break out in either direction is on the way for: HMY and WMB
To no position for now: The OEX index.
Anything posted here may be off base.

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