Tuesday, December 5, 2006

S&O's based on the 12/4/06 close.

YI: +5

Trying to bottom out: ACF
Standard oversold: The dollar.
Moderately oversold: JCP
Trying to hold some rising trend line support: AMN, CY, GLW, heating oil, MOT, and NOK
Attempting to hold the 28 DMA here: JWN
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Trying to break above some falling trend line resistance: AMAT, the BKX index, BMS, BPOP, the DJ-30, GFI, HIT, JNJ, MRK, and PBY
Trying to break above horizontal trend line resistance: EWD
Now up against some rising trend line resistance: BKC, EWJ, and LSS
Standard overbought at this point: ASA
Extremely overbought: FXE
A possible top may be forming in this area for: MDC
Toppy here: The XAU hourly.
A break out in either direction is on the way for: IFN
More later.

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