Sunday, December 3, 2006

S&O's based on the 12/01/06 close.

yi: +4

Trying to bottom out in this area: GM and GYMB
Standard oversold at this point: ACF, CBK, and GNSS
Moderately oversold: BAC, C, CAKE, ELN, and F
Trying to hold on to some rising trend line support: AAPL, ELY, GPC, and SMH
Attempting to hold the 28 DMA here: AVP, CSTR, and TMO
Trying to break above some falling trend line support: CPB, NWL, RFMD, and SNDK
Trying to break above horizontal trend line resistance: MCD
Attempting to break above the 28 DMA here: BKS, HMC, and OCR
Now up against some rising trend line resistance: EMC, gold, and MDC
Moderately overbought now: ABX, CDE, EWJ, GFI, NEM, PLT, RDC, TIE, and WY
Standard overbought at this point: AU, EWA, EWC, GG, and the XAU index.
A possible top may be forming in this area for: AA, AEM, PTR, and STP
Toppy here: CLF, PEG, RNR, THQI, and XLU
A break out in either direction is on the way for: BBBY and RHAT
Due to human error and or market conditions, anything posted may be off base.

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