Thursday, December 14, 2006

S&O's based on the 12/13/06 close.

YI: +5

On the bullish side >>>
Trying to bottom out: CREE and INTU
Standard oversold: AMD and GLW
Moderately oversold: CAKE, MRK, and RFMD
Trying to hold some rising trend line support: CY, LYO, NSC, TKR, and USU
Trying to hold horizontal trend line support: MSCC
Trying to hold falling trend line support: MOT and SNDK
Attempting to hold the 28 DMA here: ASA, CLF, EMC, LSS, MRVL, NFI, SWC, WDC, WOR, WY, X, and the XAU index.
On the bearish side >>>
Trying to break above some falling trend line resistance: AEM, APPB, the DRG index, GNSS, and JWN
Now up against some rising trend line resistance: DVY and EWG
Moderately overbought: HIT and PBY
Standard overbought: BKC, the BKX index, ERIC, and SPC
Extremely overbought: EWD
A possible top may be forming in this area for: CPB
Toppy here: TTH, WB, and XLF
Anything posted here could be off base.

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