Friday, December 1, 2006

S&O's based on the 11/30/06 close.

YI: +4.5

A possible bottom may be forming in this area for: SNDK
Trying to bottom out here: RADN
Standard oversold at this point: GM
Moderately oversold: CMI
Trying to hold some rising trend line support: AMD
********************************************************
Attempting to hold the 28 DMA here: AMZN and SMH
Trying to break above some falling trend line resistance: ASA, AVP, EBAY, ENER, ERF, FBR, KGC, KO, PMCS, SUN, TMO, and VZ
Trying to break above horizontal trend line resistance: KEA
Attempting to break above the DMA here: The DRG index, LYO, and SGP
Now up against some rising trend line resistance: ACAS, GLD, the OEX index, and RIG
Moderately overbought now: BHI, FTO, heating oil, MTU, NFI, OXY, PCU, PEG, STP, SU, and WMB
Standard overbought: EWU
Extremely overbought: XLF and the XNG index.
A possible top may be forming in this area for: CHK
Toppy here: EWG, EWI, and LMT
And finally, a break out in either direction is on the way for: MU
And as is always the case of course, it is possible the above S&O's could be off base.

No comments: