Thursday, August 31, 2006

The OEX index may be topping out here.

S's & O's based on the closing prices of 8/30/06

YI: +2

Trying to bottom out: NFI and SWC
Moderately oversold: BAA
Trying to hold some rising trend line support: gold, NEM, SYMC, and the XAU index.
Trying to hold some falling trend line support: EOG
Attempting to hold the 28 DMA here: AEM, CHK, CUP, MER, MG135M RHAT, and WB
Trying to break above some falling trend line resistance: AMTD, F, NSC, PDA, RIO, SLE, TASR, and TIE
Attempting to break above the 28 DMA here: CIG and NTES
Now up against some rising trend line resistance: BPOP, CHC, EWA, EWQ, EWU, and the S&P-500
Moderately overbought now: CSTR, GLG, GT, INTC, MFE, OGE, SEE, and SNA
Standard overbought: AMN, MSCC, and TTH
A possible top may be forming in this area for: The BTK index, CSCO, MCD, the OEX index, and WGII
A break out in either direction is on the way for: HIT
And of course, anything posted here may be off base due to human error.

Wednesday, August 30, 2006

LYO (Lyondell Chemical Co.) may be forming a top at this point.

S's & O's based on the closing prices of 8/29/06

YI: +2

To a buy: ARM and the XAU hourly at 11 AM yesterday.
Trying to bottom out: ACF and CREE
Moderately oversold: AU, CBK, JCP, and NFI
Trying to hold some rising trend line support: AAUK, ASA, CLG, EWC, HMY, JNJ, and KGC
Trying to hold some falling trend line support: BHI and FBR
Attempting to hold the 28 DMA here: OXY and PTR
Trying to break above some falling trend line resistance: The BKX index, DJ, IRF, LSI, NSM, PHI, and PLL
Attempting to break above the 28 DMA here: AVP and GOOG
Now up against some rising trend line resistance: ADP, EWD, EWG, and IDA
Moderately overbought: C and INTC
A possible top may be forming in this area for: LYO
A break out in either direction is on the way for: CREE and PCU
More later.
Anything posted here may be off base due to human error.

Tuesday, August 29, 2006

CREE (Cree, Inc.) is trying it's best to bottom out in this area.

S's & O's based on the closing prices of 8/28/06

YI: +1

A possible bottom may be forming in this area for: LSI and STMP
Trying to bottom out in this area: CREE and SHI
Extremely oversold at this point: FBR
Moderately oversold now: BBBY, CBK, COP, GM, SNE, STP, and WOR
Trying to hold some rising trend line support: CHK, HPQ, MCD, SU, TSM, and the XOI index.
Trying to hold some falling trend line support: BA and the VXO
Attempting to hold the 28 DMA here: AMTD, the BKX index, CY, EWJ, JOSB, KMX, PD, and WTS
Trying to break above some falling trend line resistance: The BTK index, DELL, GLW, JNPR, KEA, MRK, and NX
Attempting to break above the 28 DMA here: GYMB
Now up against some rising trend line resistance: WMB
Moderately overbought at this point: ELN and WB
A possible top may be forming in this area for: SNDK
And of course, anything posted here may be off base due to human error.

Sunday, August 27, 2006

A possible bottom for SKS (Saks, Inc.) may be on the way.

S's & O's based on the closing prices of 8/25/06

YI: +0.5

A possible bottom may be forming in this area for: SKS
Trying to bottom out now: CAKE, NTES, RIO, and STMP
Moderately oversold at this point: BBBY, CAT, CGI, JWN, NSC, PHI, SHI, and SNE
Trying to hold some rising trend line support: AA, AMN, CDE, CHC, EWG, GYMB, MG135, PCU, PEG, SLV, and VIGN
Attempting to hold the 28 DMA here: AAUK, BKS, EWA, FXE, HMC, IWM, MCD, RFMD, RI, TCM, and WTS
Trying to break above some falling trend line resistance here: AAPL, the DRG index, and SMTC
Attempting to break above the 28 DMA: DO
Now up against some rising trend line resistance: KO
Moderately overbought at this point: AMAT and FDP
Standard overbought now: ERF
A break out in either direction is on the way for: DELL, NST, Q, SPC, and TIE
Anything posted here may be off base due to human error.

Friday, August 25, 2006

S's & O's based on the closing prices of 8/24/06

YI: +0.5

Trying to bottom out in this area: ARM, CIG, IRF, LSI, MCRS, MDC, MRVL, PDA, and SBUX
Moderately oversold now: OCR and RIO
Trying to hold some rising trend line support: EBAY, EWQ, GRZ, IDA, MER, NFI, SLE, T2106, THQI, TIE, TMO, TXU, and WOR
Attempting to hold the 28 DMA here: ELY, GNSS, HIT, INTU, MOT, MU, PLL, RNR, SCHW, STP, TASR, and WGII
Trying to break above some falling trend line resistance: INTC and NSM
Attempting to break above the 28 DMA here: MMC and RMBS
Now up against some rising trend line resistance: JNJ
Moderately overbought now: ERF, EWC, and SIFY
Standard overbought: KGC
A possible top may be forming in this area for: ALEX and PG
A break out in either direction is on the way for: BAA, DELL, and N
Anything posted here may be off base due to human error.

Thursday, August 24, 2006

ABX (Barrick Gold Corp.) is trying to top out in this area.

S's & O's based on the closing prices of 8/23/06

YI: +0.5

Trying to hold some rising trend line support in this area: The BKX index, CPB, CSTR, CY, the DRG index, EWI, EWG, GOOG, and SLE
Trying to hold horizontal trend line support: NTES
Attempting to hold the 28 DMA here: GNSS, MOT, and QLGC
To no position for now: PBY
To a hold: SWC
Trying to break above some falling trend line resistance in this area: AMD, BAA, the dollar, gold, GG, and GLG
Attempting to break above the 28 DMA here: AA and MDT
Moderately overbought at this point: BPOP, CLG, EWC, FCX, PBY, REDF, SIFY, and WY
Standard overought now: ABX
Extremely overbought: PEG
A possible top may be forming in this area for: ABX, DVY, and SYMC
Anything posted here may be off base due to human error.

Tuesday, August 22, 2006

NTES (NetEase.com, Inc.) is in the process of trying to bottom out.

S's & O's based on the closing prices of 8/22/06

YI: +1

Trying to bottom out in this area: NTES
Standard oversold at this point: ARM
Moderately oversold now: BA, CIG, PDA, and SHI
Trying to hold some rising trend line support: EWJ, EWP, FXE, MMC, MRVL, PHG, SBUX, and STP
Attempting to hold the 28 DMA here: F
Trying to break above some falling trend line resistance: AAPL, CHK, FDP, Q, and the XAU index.
Attempting to break above the 28 DMA here: BKC
Now up against some rising trend line resistance: KGC and MG135
Anything posted here may be off base due to human error.

MER (Merrill Lynch & Co., Inc.) may be topping out in this area.

S's & O's based on the closing prices of 8/21/06

YI: +1

Trying to hold some rising trend line support: BBBY and ELY
Attempting to hold the 28 DMA here: GM
Trying to break above some falling trend line resistance: AA and EOG
Attempting to break above the 28 DMA here: AMZN and RDC
Now up against some rising trend line resistance: EWP
Moderately overbought at this juncture: ALEX, LYO, the OEX index, PD, REDF, SEE, SYMC, and the VXO
Standard overbought at this point: NVLS and TMO
A possible top may be forming in this area for: ACAS, ADP, AIG, and MER
A break out in either direction is on the way for: ELN
Anything posted here may be off base.

Monday, August 21, 2006

GFI (Gold Fields Ltd.) is trying to bottom out in this area.

S's & O's based on the closing prices of 8/18/06

YI: +1.5

GFI is trying to bottom out in this area.
OCR and SU are now moderately oversold.
Trying to hold some rising trend line support: AAUK, EWU, GLG, and heating oil.
Attempting to hold the 28 DMA here: CDE, DJ, FTO, PHI, and PTR
To no position: CAKE, EBAY, and JOSB
Trying to break above some falling trend line resistance: BKC and CMI
Attempting to break above the 28 DMA here: GYMB, IFN, MDC, MMC, NSC, PLT, PNRA, and RADN
Now up against some rising trend line resistance: CHC
Now moderately overbought: AMD, BKS, the BKX index, the BTK index, CY, EBAY, IWM, JOSB, MTU, PLL, RHAT, RI, RNR, TYC, TZOO, and WTS
Standard overbought at this point: LYO, MCD, MOT, NXL, PHG, and THQI
A possible top may be forming in this area for: AMN, CSTR, JCP, LMT, and WB
Anything posted here may be off base.

Friday, August 18, 2006

AAUK (Anglo American) may be forming a top in this area.

S&O's based on closing prices of 7/17/06

YI: +1

Trying to hold some rising trend line support: AEM, AVP, FBR, GG, MRK, and the VXO
Attempting to hold the 28 DMA here: TXU
To no position for now: AMZN, GLW, INTC, and MRVL
To a hold: EMC, PBY, SMTC, and WON
Trying to break above some falling trend line resistance: ACF, EMC, FXE, GPC, the IIX index, IRF, IWM, MCRS, NSC, NSM, PBY, RMBS, SIFY, SPC, TASR, WHR, and WY
Attempting to break above the 28 DMA here: AMZN, BA, FDP, GOOG, LSS, MFE, SMTC, STX, WON, and X
Moderately overbought now: APPB, BMS, CAKE, the DJ-30, the DRG index, ELY, the E-Mini 500, ERICY, EWA, EWD, EWQ, GE, GLW, HIT, IBM, the IIX index, JWN, MSCC, MU, NOK, NWL, PMCS, PPG, the 4Q, RFMD, SMH, SNDK, the S&P-500, T2106, TKR, TSM, VIGN, WB, the XCI index, and XLK
Standard overbought at this point: AAPL, AMN, AMTD, F, HPQ, IDA, IIT, INTU, MER, the OEX index, STP, and WGII
A possible top may be forming in this area for: AAUK, CSCO, SNA, and XRX
A break out in either direction is on the way: GRZ
Anything posted here may be off base.

Thursday, August 17, 2006

Stillwater Mining Co. (SWC) to a buy.

S&O's based on the closing prices of 8/16/06

YI: +1

To a buy: SMTC, SWC, and XMSR
A possible bottom may be forming in this area for: PDE
Standard oversold at this point: NTES
Trying to hold some rising trend line support: SHI and the XAU hourly.
Trying to break above some falling trend line resistance: ALEX, AMAT, BPOP, the BTK index, CLF, GLG, GLW, GM, INTC, LSI, MDC, MRK, RIO, SNE, USU, WOR, and XLF
Attempting to break above the 28 DMA here: ENER, HMY, JNPR, PLT, RHAT, STMP, and YHOO
Now up against some rising trend line resistance: AAUK, EWC, EWP, and KEA
Moderately overbought now: EMC, EWJ, MSO, and SCHW
Standard overbought at this point: JCP, PEG, TSS, and WMB
A possible top may be forming in this area for: AIG
Anything posted here may be off base.

Wednesday, August 16, 2006

What a "woof woof" TASR has turned out to be, but is it finally bottoming out here?

S&O's based on the closing prices of 8/15/06

YI: 0

A possible bottom may be forming in this area for: ENER, PBY, and TASR
Trying to bottom out are: ARM, BHI, DO, IFR, MDT, USU, and XMSR
Moderately oversold at this point: BAA, CLF, CLG, EOG, GFI, IYM, NEM, and RIO
Trying to hold some rising trend line support: ASA, GLG, gold, GYMB, IFN, and MG135
Trying to hold some falling trend line support: OXY and RDC
Attempting to hold the 28 DMA here: ABX, AU, CHK, ECA, SU, the XNG index, and the XOI index.
To no position for now: ACAS
Trying to break above some falling trend line resistance: AA, AMN, BMY, C, DVY, MU, RADN, T2104, T2106, TXU, X, XLB, and YCC
Attempting to break above the 28 DMA here: AMD, BKS, CAKE, and QCOM
Now up against some rising trend line resistance: NVLS
Moderately overbought now: AIG and SEE
Standard overbought at this point: TMO
A possible top may be forming in this area for: ADP
Anything posted here may be off base.

Tuesday, August 15, 2006

Here are the rest of today's S&O's.

RMBS is trying to form a bottom.
JNPR, LSI, MDC, and SWC are trying to bottom out at least temporarily.
FDP and PBY are extremely oversold.
ENER and WY are standard oversold.
CUP and OGE are moderately oversold.
GM, GRZ, GT, MRVL, RGLD, the XAU index, and XLE are trying to hold some rising trend line support.
SIFY is trying to hold some falling trend line support.
ERF and FXE are attempting to hold on to the 28 DMA.
CAKE, CREE, ELY, GE, IBM, JWN, MCRS, PEG, QCOM, QQQQ, RHAT, STMP, TYC, TZOO, and the XCI index are trying to break above some falling trend line resistance.
PLL is trying to break above the 28 DMA.
CSTR is moderately overbought.
CPB, GNSS, and MO may be forming a top here.
EWJ and MTU should have a breakout in either direction coming up.
Anything posted here may be off base.

Burger King Holdings, Inc. (BKC) to a buy.

S&O based on closing prices of 8/14/06

YI: -1.5

To a buy: BKC
A possible bottom may be forming in this area for: BMY
Gold is trying to hold some rising trend line support.
AEM is trying to hold the 28 DMA.
AIG is trying to break above some falling trend line resistance.
ADP is up against some rising trend line resistance here.
BGF is standard overbought now.
A break out in either direction is on the way for: AMD
More later.
Anything posted here may be off base.

Monday, August 14, 2006

Sunday, August 13, 2006

S&O based on closing prices of 8/11/06

YI: -1.5

To a buy: EMC and GLW
Trying to bottom out now: BA, BKC, and RIG
Standard oversold at this point: SWC and WDC
Moderately oversold now: BHI
Trying to hold some rising trend line support: CLF, ERF, ERICY, FCX, NLY, OXY, RIO, SPIR, SUN, TXU, and VIGN
Trying to hold some falling trend line support: CREE
Attempting to hold the 28 DMA here: CMI, DELL, the DRG index, GM, gold, heating oil,
RGLD, and SGP
To no position for now: BAC
Trying to break above some falling trend line resistance: ACF, INTU, and TRF
Now up against rising trend line resistance: MO
Moderately pverbought at this point: JCP
To a sell: The XAU hourly at 11 AM on Friday.
A break out in either direction is on the way for: AMAT and INTC
Anything posted here may be off base.

Friday, August 11, 2006

BKS (Barnes & Noble, Inc.) may be forming a bottom at this point.

Update opinions based on closing prices of 8/10/06

YI: -1

Possible bottom here for: BKS
Trying to bottom out: PLT, QCOM, SPC, STX, TIE, and WDC
Extremely oversold: PNRA and TSY
Standard oversold: ACF, BA, and SBUX
Moderately oversold: The BTK index, CAT, GPC, IRF, and IWM
Trying to hold some rising trend line support: AMD, BBBY, BHI, JOSB, LSI, N, NFI, NVLS, SFY, SLV, SU, T2106, TTH, WHR, XLK, the XOI index, XRX, and the YI
Trying to hold horizontal trend line support: GR
Trying to hold some falling trend line support: CAKE, JNPR, PDE, PLL, and SMTC
Attempting to hold the 28 DMA: AAPL, the BKX index, BPOP, CHC, CY, the DJ-30, DO, the E-Mini 500, MAT, MCD, NXL, the OEX index, PHI, the S&P-500, WTS, XLF, and XMSR
To no position for now: CSCO
Trying to break above some falling trend line resistance: GYMB, MTU, SHI, and SIFY
Moderately overbought: CSCO
A break out in either direction is on the way: EWA
Anything posted here may be off base.

Thursday, August 10, 2006

Will WON (Westwood One, Inc.) ever prove to be a winner again?

Update based on closing prices of 8/9/06

YI: -1.5

To a buy: WON and the XAU hourly at 10 AM yesterday.
Trying to bottom out here: CREE, PDE, RADN, and RHAT
Standard oversold at this point: MCRS, RIG, and X
Moderately oversold: STX
Trying to hold some rising trend line support: ALEX, AMTD, CBK, CGI, CMI, NFI, NWL, and SLE
Trying to hold some falling trend line support: FDP, GE, and RNR
Attempting to hold the 28 DMA here: EWD and PCU
To no position: The XAU hourly at 1 PM yesterday.
To a hold for now: CAKE and EBAY
Trying to break above some falling trend line resistance: CPB, OCR, and RFMD
Trying to break above horizontal trend line support: The XAU index.
Attempting to break above the 28 DMA here: EBAY and the IIX index.
Now up against some rising trend line resistance: FTO, HMC, SLV, and VZ
Moderately overbought: SHI
A possible top may be forming in this area for: JNJ, PG, and SUN
To a sell: ACAS
A break out in either direction is on thye way for: EMC
Anything posted here may be off base.

Wednesday, August 9, 2006

BMY (Bristol Myers Squibb Co.) is standard oversold now.

Update based on closing prices of 8/8/06

YI: -1

Standard oversold: BMY
Moderately oversold: ERICY and HMY
Trying to hold some rising trend line support: AU, FXE, NSM, and XLU
Trying to hold some falling trend line support: SWC
Attempting to hold the 28 DMA here: COP, INTU, and SCHW
Trying to break above some falling trend line resistance: The VXO and YHOO
Attempting to break above the 28 DMA here: APPB, BGF, and SEE
Moderately overbought: Heating oil.
Anything posted here may be off base.

Tuesday, August 8, 2006

The India Fund, Inc. is now standard oversold.

Update based on closing prices of 8/7/06

YI: -0.5

Standard oversold: IFN
Moderately oversold: The dollar, DO, INTC, and MDT
Trying to hold some rising trend line support: The BKX index, C, CPB, EWU, GE, GFI, HPQ, JNJ, KMX, LMT, MRK, PCU, PLT, SKS, and TIE
Trying to hold some falling trend line support: PDE and WDC
Attempting to hold the 28 DMA here: AIG, EWA, POM, SFY, and WOR
To a hold for now : MRVL
Trying to break above some falling trend line resistance: APPB and EMC
Attempting to break above the 28 DMA: MFLX and QLGC
Moderately overbought: F, LYO, MG135, and NLY
Possible top here: ACAS
To a sell: TXU
A break out in either direction is on thye way for: GE and RFMD
Anything posted here may be off base.

Monday, August 7, 2006

Daily update baswed on closing prices of 8/4/06

YI: 0

Standard oversold: MFE
Trying to hold some rising trend line support: ABX, BAA, GR, POM, SFY, WOR, and X
Trying to hold some falling trend line support: RIG
Attempting to hold the 28 DMA here: KO
To no position: AMD and BBBY
Trying to break above some falling trend line resistance: ACF, AMAT, BKS, BPOP, CAKE, CREE, EBAY, GT, IWM, JOSB, RI, SMH, and TKR
Attempting to break above the 28 DMA here: ALEX, AMD, GE, MDC, NTES, and PETM
Up against some rising trend line resistance: MER, NFI, SPC, and VIGN
Moderately overbought: ADP, AMN, ASA, BBBY, CAT, CBK, EWG, HPQ, IIT, RIO, SUN, WB, WGII, and WTS
Standard overbought: BKX index, CMI, KMX, and PG
Possible top here: CDE, THQI, and TSS
A break out in either direction is on the way: UMC
Anything posted here may be off base.

Friday, August 4, 2006

Here is the rest of today's TA work.

Moderately oversold: RNR and TZOO
Trying to hold some rising trend line support: MO, MTU, and NST
Attempting to hold the 28 DMA: MSO
Trying to break above some falling trend line resistance: PMCS, PPG, SEE, and WB
Attempting to break above the 28 DMA: IYM, JCP, LSI, and OCR
Moderately overbought: MG136, SLE, SLV, and STP
Standard overbought: Q
Possible top here: The XNG index.
Anything posted here may be off base.

Update base on closing prices of 8/3/06

The YI is still at the zero line, waiting for a breakout in either direction for the market.

To a buy: EBAY
A possible bottom may be forming in this area for: EMC and GLW
Trying to bottom out now: AVP, BMY, CSCO, and GOOG
Trying to hold some rising trend line support: AEM and HMY
Attempting to hold the 28 DMA: EOG
Trying to break above some falling trend line resistance here: CGI, DELL, and FBR
Now up against some rising trend line resistance: AAUK and heating oil.
Moderately overbought now: AU, CDE, and EWC
A possible top may be forming in this area for: ABX
To a sell: BAC and the XAU hourly at 10 AM yesterday.
More later.
Anything posted here may be off base.

Thursday, August 3, 2006

CAKE (Cheesecake Factory Inc.) to a buy.

Update based on the closing prices of 8/2/06

YI: 0

To a buy: CAKE
Trying to bottom out: ACF
Trying to hold some rising trend line support: NVLS, SMTC, SNE, TRF, and the VXO
Trying to hold some falling trend line support: APPB, the dollar, PBY, and PETM
Attempting to hold the 28 DMA here: NWL and OGE
To no posistion for now: BAC, GT, TXU, and WTS
Trying to break above some falling trend line resistance: ADP, CLF, the E-Mini 500, HMY, gold, RIG, SPC, and SU
Now up against some rising trend line resistance: FTO
Moderately overbought now: FCX, GLG, KGC, the XAU index, and XRX
Standard overbought: XLE
Extremely overbought: NST
A possible top may be forming in this area for: KEA
A break out in either direction is on the way for: ENER
Anything posted here may be off base.

Wednesday, August 2, 2006

A possible top may be forming in this area for SFY (Swift Energy Co.)

Update based on the closing prices of 8/1/06

YI: -0.5

To a buy: The XAU hourly at 11 AM yesterday.
Extremely oversold: BKS
Standard oversold: FBR
Moderately oversold: AVP and BMY
Trying to hold some rising trend line support: CHC, GE, HMY, IFN, INTU, NXL, and NWL
Trying to hold some falling trend line support: FDP and SBUX
Attempting to hold the 28 DMA here: PEG and YCC
To a hold for now: AMZN, BBBY, CSCO, and FDP
Trying to break above some falling trend line resistance: GT, NTES, and RMBS
Attempting to break above the 28 DMA here: AMAT, CUP, ELN, IRF, and JWN
Standard overbought now: AAPL and ERF
Extremely overbought: N
A possible top may be forming in this area for: AHO, CHK, MOT, and SFY
Anything posted here may be off base.

Tuesday, August 1, 2006

BAC (Bank of America Corp.) looks like a sell here.

Daily update based on closing prices of 7/31/06

YI: 0

Trying to bottom out: NTES and TASR
Moderately oversold: SVU
Trying to hold some rising trend line support: BA and NEM
Trying to hold some falling trend line support: AVP
To no posiition for now: AMTD and the XAU hourly.
To a hold: AMD and STMP
Trying to break above some falling trend line resistance: ALEX, AMD, CDE, the E-Mini 500, FDP, GRZ, LSI, MCD, PLL, QCOM, SPIR, XLB, and XLK
Trying to break above horizontal trend line resistance: The DJ-30 and NLY
Attempting to break above the 28 DMA here: ADP, BPOP, DELL, GE, INTC, NSM, QQQQ, RGLD, SWC, TIE, TYC, UMC, XMSR, and XRX
Up against some rising trend line resistance: XRX
Moderately overbought now: AAUK, ABX, BMS, EWI, EWQ, FXE, GNSS, MER, NVLS, PCU, SCHW, the S&P-500, TMO, VZ, and XLE
Standard overbought: CHK and JNJ
A possible top may be forming in this area for: ECA, EWP, MO, PHG, SNE, and TTH
To a sell: BAC
A break out in either direction is on the way for: ASA
Anything posted here may be off base.