Tuesday, October 31, 2006

MMC (Marsh and Mclennan Co., Inc.) may be topping out at least temporarily in this area.

S&O's based on the 10/30/06 close.

Happy Halloween!

YI: +4

Trying to bottom out in this area: GLW and WGII
Moderately oversold now: The dollar, ELN, RFMD, and SHI
Trying to hold some rising trend line support here: The DRG index, FCX, IIT, INTC, IYM, LYO, MTU, N, NXL, OGE, RI, RNR, SWC, T2104, TKR, TYC, the XAU hourly, and XLK
Attempting to hold the 28 day moving average: CREE, CSCO, CSTR, EMC, HPQ, MCRS, and PHG
Trying to break above some falling trend line resistance here: AMTD, FXE, and the VXO
Attempting to break above the 28 day moving average: MRVL and XMSR
Now up against horizontal trend line resistance: Q
Moderately overbought now: KGC, RGLD, and YHOO
Standard overbought: LSI
A possible top may be forming in this area for: GLG and MMC
And as is always the case, anything posted here may be off base.

Sunday, October 29, 2006

MRK (Merck & Co., Inc.) Looks like a sell here.

S&O's based on the 10/27/06 close.

YI: +4

Extremely oversold: RHAT
Moderately oversold: LMT, OCR, and WGII
Trying to hold some rising trend line support here: CGI, ENR, GM, IDA, MDT, SUN, and X
Trying to hold falling trend line support: GFI
Attempting to hold the 28 day moving average: TZOO
Trying to break above some falling trend line resistance: KGC, MTU, and NOK
Attempting to break above the 28 DMA here: AMAT and YHOO
Now up against some rising trend line resistance: ALEX, ARM, and MFE
Moderately overbought now: DJ, GT, PLT, and SNE
Standard overbought: AEM and AIG
A possible top may be forming in this area for: CHK
Probable top here: ACAS and EWP
To a sell: MRK, and the XAU hourly at 2 PM on Friday.
And of course as is always the case, anything posted here may be off base.

Friday, October 27, 2006

PCU looks a bit toppy at this point.

S&O's based on the 10/26/06 close.

YI: +5

A possible bottom may be forming in this area for: BPOP
Standard oversold here is: GLW
Trying to hold some rising trend line support here: CBK, HPQ, and SGP
Attempting to hold the 28 day moving average: APPB and PLL
To no position for now: BKC, GG, and SWC
Trying to break above some falling trend line resistance: ACF, the BKX index, gold, GG, GLD, IRF, KEA, MRVL, RGLD, RIG, and SLV
Attempting to break above the 28 day moving average: WOR
Now up against some rising trend line resistance: EWD, GPC, HIT, the IIX index, KMX, SU, and SUN
Moderately overbought at this point: ACF, ASA, AU, CHK, F, NEM, RDC, USU, and the XAU index.
Standard overbought now: AMZN, BHI, ERF, EWG, EWI, GLG, OGE, PHI, SFY, and XLE
Extremely overbought: EWQ, NSC, and YCC
Toppy here: GOOG, IYM, and RIO
A possible top may be forming in this area for: DVY, ERIC, and TTH
Probable top here: ENR and IBM
To a sell: PCU
A break out in either direction is on the way for: AVP
And as is always the case, anything posted here may be more or less off base.

Thursday, October 26, 2006

TMO (Thermo Electron Corp.) seems a wee bit overbought here.

S&O's based on the 10/25/06 close.

YI: +5

Trying to bottom out in this area: CY and MU
Extremely oversold: XMSR
Standard oversold: AMTD
Trying to hold some rising trend line support here: The BTK index, LMT, LSS, NTES, PNRA, and WGII
Trying to hold falling trend line support: GNSS
Attempting to hold the 28 day moving average: BA, BMS, PNRA, and SPC
Trying to break above some falling trend line resistance: DO, EOG, QLGC, STX, and WB
Attempting to break above the 28 day moving average: SHI
Now up against some rising trend line resistance: ACAS, APPB, BKC, CAKE, ERIC, EWU, and MER
Standard overbought: BKS, FCX, GM, and TIE
Extremely overbought: TMO
Toppy in this area: JWN and SKS
A break out in either direction is on the way for: FDP, KEA, and WTS
Anything posted here may be off base to some degree.

Wednesday, October 25, 2006

STMP (Stamps.com, Inc.) looks overdone to the downside here.

S&O's based on the 10/24/06 close.

YI: +5

Extremely oversold at this point: FBR and STMP
Standard oversold now: MRVL and SNDK
Moderately oversold: ACF, RADN, RMBS, and TKR
Trying to hold some rising trend line support here: BAA, GLD, LSI, MFE, NST, SYMC, and WY
Attempting to hold the 28 day moving average: INTU, JNPR, REDF, and WHR
To no position: The XAU hourly at 2 PM yesterday.
Trying to break above some falling trend line resistance here: BBBY, EWC, NFI, PTR, RDC, and the XOI index.
Now up against some rising trend line resistance: BMS, the OEX index, the S&P-500, TSS, and the XCI index.
Moderately overbought now: MMC
Standard overbought at this point: AMN, EWD, KO, SNA, TTH, TZOO, VZ, and XLP
Extremely overbought: The DJ-30, GOOG, and MAT
Toppy here: AAPL and JNJ
A possible top may be forming in this area for: JCP
And as is always the case, anything posted here may be off base.

Tuesday, October 24, 2006

GNSS (Genesis Microchip) is trying to bottom out here.

S&O's based on the 10/23/06 close.

YI: +5

To a buy: The XAU hourly at 10 AM on 10/23/06.
Trying to bottom out in this area: GNSS
Standard oversold at this point: AMD, CAT, and MSCC
Moderately oversold now: GLW, HIT, and SMH
Trying to hold some rising trend line support here: CDE, CUP, ENER, GYMB, OXY, RMBS, SIFY, and SWC
Attempting to hold the 28 day moving average: COP, LSI, LYO, MDC, RI, SYMC, and YCC
Trying to break above some falling trend line resistance here: AMAT, AU, the dollar, and RHAT
Attempting to break above the 28 day moving average: PEG
Now up against some rising trend line resistance: EWG
All of the previous disclaimers apply to the above signals and opinions.

Monday, October 23, 2006

AAPL (Apple Computer, Inc.) is doing its overbought thing again.

S&O's based on the 10/20/06 close.

YI: +5

Trying to bottom out in this area: CBK
Standard oversold at this point: GNSS
Moderately oversold: AMAT and NFI
Trying to hold some rising trend line support here: APPB, CMI, CSTR, JWN, SMTC, WGII, the XAU hourly, and XLF
Attempting to hold the 28 day moving average: AIG, DELL, the dollar, IRF, NWL, and TSS
Trying to break above some falling trend line resistance here: MDT, SCHW, and XLE
Attempting to break above the 28 day moving average: FXE
Now up against some rising trend line resistance: CLF
Moderately overbought now: AMN, EBAY, GLG, and PDE
Extremely overbought: AAPL, EWP, IDA, JCP, and PCU
A possible top may be forming in this area for: SFY and TXU
To a sell: The XAU hourly at 10 AM on Friday.
And as is always the case, anything posted here may be off base.

Friday, October 20, 2006

INTU (Intuit) looks toppy here.

S&O's for the 10/19/06 close.

YI: +4.5

To a buy: The XAU hourly at 10 AM on 10/19/06.
Moderately oversold now: CY, MOT, NVLS, and SCHW
Trying to hold some rising trend line support here: BAC, CSCO, DJ, FBR, GE, GLW, heating oil, NOK, NSM, THQI, TSM and the XCI index.
Attempting to hold the 28 day moving average: ALEX, HMC, MDT, RFMD, RMBS, THQI, and TSM
Trying to break above some falling trend line resistance here: LSS, N, and the XNG index.
Now up against some rising trend line resistance: ASA
Standard overbought now: JNJ
Extremely overbought: The DRG index.
A possible top may be forming in this area for: INTU
Probable top here: MRK
A break out in either direction is on the way for: GFI
And as is always the case, anything posted here may be off base.

Thursday, October 19, 2006

IYM looks a bit toppy here...

S&O's based on the 10/18/06 close.

YI: +4.5

Trying to bottom out here: BPOP
Moderately oversold now: CBK, ELY, MTU, and NG
Trying to hold some rising trend line support: AMAT, CREE, ELN, EMC, FCX, gold, GOOG, GR, IIT, KMX, MDC, the OEX index, PLL, RGLD, the S&P-500, and WMB
Trying to hold some falling trend line support: XMSR
Attempting to hold the 28 DMA here: AMAT, EBAY, EWI, GT, QLGC, and SIFY
To no position for now: ARM
Trying to break above some falling trend line resistance here: BMY, MCRS, and SWC
Attempting to break above the 28 DMA at this point: AA, GRZ, and RDC
Now up against some rising trend line resistance: TSS
Moderately overbought now: ARM, CGI, and TXU
Standard overbought: NSC, SGP, SYMC, and XLU
Extremely overbought: The BTK index and TYC
Toppy here: BGF and IWM
A break out in either direction is on the way for: AAPL and FBR
Anything posted here may be off base.

Wednesday, October 18, 2006

MER (Merrill Lynch & Co., Inc.) is very "toppy" at this point.

S&O's based on the 10/17/06 close.

YI: +4.5

Trying to hold some rising trend line support here: ACF, BHI, BKC, CY, ERIC, F, HMC, KEA, PBY, SCHW, TTH, and VZ
Trying to hold some falling trend line support: MU
Attempting to hold the 28 DMA here: AMZN, BAC, the BKX index, and GE
To no position for now: The XAU index.
Trying to break above some falling trend line resistance: CPB, NSC, STX, and the VXO
Attempting to break above the 28 DMA at this point: DO, gold, GLG, and KGC
Now up against some rising trend line resistance: LSS, NST, NXL, RIG, and the S&P-500.
Moderately overbought now: COP, EOG, ERF, FCX, FTO, LSI, PTR, SFY, SU, SWC, WMB, XLE, the XNG index, and the XOI index.
Standard overbought here: BAA and IFN
Extremely overbought now: IBM
Toppy in this area: SPC, T2104, TASR, TIE, WGII, WTS, and XLB
A possible top may be forming in this area for: MRK
Probable top at this point: MER
And of course as is always the case, anything posted here may be off base.

Monday, October 16, 2006

S&O's based on the 10/16/06 close.

YI: +5

To a buy: The XAU hourly at 1 PM today.
Trying to bottom out in this area: AA
Standard oversold at this point: RHAT
Trying to hold on to some rising trend line support here: ENR, GT, LYO, and SNA
Attempting to hold the 28 day moving average: BBBY
Trying to break above some falling trend line resistance here: AAUK, AMN, CAT, CHK, EWJ, HIT, MRVL, PDE, TSY, and WDC
Attempting to break above the 28 day moving average: ABX, CDE, CHC, CLG, GG, GNSS, NEM, SNE, and TXU
Now up against some rising trend line resistance: APPB, BKS, ENER, IDA, IIT, RADN, and WGII
Moderately overbought now: AEM, ELY, GM, HMY, IRF, IYM, NSM, QCOM, RGLD, RMBS, SLV, SMH, SMTC, and TSM
Standard overbought here: EWU, GR, IIT, INTC, SNDK, TMO, and WY
Extremely overbought: DVY and the XCI index.
A possible top may be forming in this area for: GYMB, OGE, PCU, and TZOO
Toppy at this point: SIFY
A break out in either direction is on the way for: XLP
And as is always the case of course, anything posted here may be off base.

Sunday, October 15, 2006

SVU (Supervalu, Inc.) may be topping out in this area.

S&O's based on the 10/13/06 close.

YI: +5

Trying to bottom out at this point: GFI and GRZ
Moderately oversold now: ADP, BPOP, and N
Trying to hold some rising trend line support here: BA and C
Attempting to hold the 28 day moving average: PG
Trying to break above some falling trend line resistance here: AAPL, COP, IRF, NOK, SIFY, and YHOO
Attempting to break above the 28 day moving average: AU, GLD, TKR, and the XAU index.
Now up against some rising trend line resistance: ACAS, AMAT, CAKE, MOT, the OEX index, and SMTC
Moderately overbought now: CHK, EWA, STP, SUN, and WTS
Standard overbought at this point: APPB, CLF, MFE, MRK, NST, PCU, RIO, THQI, TTH, X, and XLK
Extremely overbought at this level: The E-Mini 500, ENR, JWN, and KMX
A possible top may be forming in this area for: CSTR and SVU
To a sell: The XAU hourly at 3 PM on Friday.
A break out in either direction is on the way for: TSS
And of course as is always the case, anything posted here may be off base.

Friday, October 13, 2006

GPC (Genuine Parts Co.) seems a wee bit toppy here.

S&O's based on the 10/12/06 close.

YI: +5

Trying to bottom out is: PEG
Moderately oversold now: AMTD
Trying to hold some rising trend line support: AMAT, EWC, RHAT, TXU, and YCC
Trying to hold falling trend line support: AA
Attempting to hold the 28 DMA here: EWJ
Trying to break above some falling trend line support: GG, gold, OCR, and SU
Now up against some rising trend line support: CSTR and EWP
Moderately overbought now: TIE
Standard overbought: ENER and ERIC
A possible top may be forming in this area for: GPC
And as is always the case of course, anything posted here may be off base.

Thursday, October 12, 2006

LYO (Lyondell Chemical Co.) appears to be a bit toppy at this point.

S&O's based on the 10/11/06 close.

The daily update is a bit late today because Blogger was refusing to work properly.

YI: +5

Trying to bottom out is: FXE
Standard oversold: FDP
Trying to hold some rising trend line support: AIG, BMS, CAKE, the DJ-30, EBAY, MCRS, MOT, NWL, RFMD, the S&P-500, and TSS
Attempting to hold the 28 DMA here: BKC, CBK, EWG, MMC, NLY, PG, and PHI
Trying to break above some falling trend line resistance here: KGC, PCU, RIO, and SWC
Attempting to break above the 28 DMA: CHK, SFY, SUN, and the XNG index.
Now up against some rising trend line resistance: TYC
Moderately overbought now: AAUK, ACF, NFI, and WHR
Standard overbought at this point: HPQ, MAT, MDC, and NVLS
A possible top may be forming here for: AMAT, IBM, LYO, and REDF
A break out in either direction is on the way for: ELN
Anything posted here may be off base of course.

Wednesday, October 11, 2006

PNRA (Panera Bread Co.) looks a bit toppy here.

S&O's based on the 10/10/06 close.

YI: +5

Trying to bottom out at this point: AMD, FDP, and SHI
Moderately oversold now: Q and WDC
Trying to hold some rising trend line support: JNJ, KO, MDT, NLY, OXY, PG, RI, STX, THQI, and XLP
Attempting to hold the 28 DMA here: CBK
To no position for now: HMY
To a hold for now: YHOO
Trying to break above some falling trend line resistance: ARM, CUP, LSI, TSM, and TTH
Attempting to break above the 28 DMA here: CPB, FCX, and QCOM
Moderately overbought now: ALEX, BGF, PBY, SPC, and XLB
Standard overbought: CREE, GOOG, PLL, and SVU
A possible top may be forming in this area for: The BTK index, CMI, CSCO, KMX, PNRA, and the QQQQ
A break out in either direction is on the way for: MMC, RADN, and TSY
All of the previous disclaimers apply to this post.

Tuesday, October 10, 2006

SNE (Sony Corp.) may be forming some type of bottom here.

S&O's based on the 10/9/06 close.

YI: +4.5

A possible bottom may be forming in this area for: SNE
Moderately oversold now are: FXE and MU
Trying to hold some rising trend line support: The BKX index, DELL, F, GLW, GM, IIT, MMC, the OEX index, SKS, and STP
Trying to hold some falling trend line support at this point is: PEG
Attempting to hold the 28 DMA here: The DRG index and VZ
Trying to break above some falling trend line support: BGF, CDE, COP, CREE, FBR, IYM, LSS, NSM, RGLD, SFY, WMB, WON, WY, X, and XLB
Attempting to break above the 28 DMA here: AA, ERF, FTO, and NTES
Now up against some rising trend line resistance: C, CSCO, and ERIC
Moderately overbought now: CAT, the dollar, GPC, PCU, REDF, SIFY, and SNDK
Standard overbought at this point are: AMAT, CSTR, EMC, GE, and IBM
A possible top may be forming in this area for: ACAS
And finally, a break out is in either direction is most likely on the way for: RMBS
Anything posted here could be off base of course.

Monday, October 9, 2006

XMSR (XM Satellite Radio Holdings, Inc.) is trying to bottom out here.

S&O's based on the 10/6/06 close.

YI: +4.5

Possible bottom here for: XMSR
Trying to bottom out in this area is: SNE
Standard oversold at this point is: SHI
Trying to hold some rising trend line support: AMTD, AVP, the DRG index, EWG, EWQ, NST, Q, and TTH
Attempting to hold the 28 DMA here: BMY, MRK, and STX
Trying to break above some falling trend line resistance: AEM, CLG, ELY, GT, heating oil, KO, MMC, NG, RDC, TIE, USU, WOR, the XAU index, XLE, and the XOI index.
Attempting to break above the 28 DMA here: SWC
Now up against some rising trend line resistance: AIG, ALEX, AMZN, CAKE, ENR, EWD, the IIX index, PLT, QQQQ, and RHAT
Moderately overbought: BHI, CGI, DELL, EBAY, EWJ, MDT, MFE, QLGC, RIO, TASR, TZOO, and X
Standard overbought at this point: ACAS, BKC, BMS, the BTK index, CY, the E-mini 500, IWM, NWL, PG, RFMD, RI, SBUX, TYC, and XLE
Extremely overbought now: CMI, INTU, and MER
A possible top may be forming in this area for: EWP, GR, HMC, the IIX index, JNPR, and JWN
Anything posted here could be off base of course.

Friday, October 6, 2006

Here are the rest of the S&O's based on the 10/05/06 close.

Trying to bottom out: SNE
Moderately oversold: XMSR
Trying to hold some rising trend line support: VZ
Attempting to break above some falling trend line resistance: WGII, WMB, the XAU index, and the XOI index.
Standard overbought at this point: XLK
Extremely overbought: XLF

S&O's based on the 10/05/06 close.

YI: +5

To a buy: CDE and GRZ
A possible bottom may be forming in this area for: MRVL and NX
Standard oversold at this point: CUP
Trying to hold some rising trend line support at this level: BGF, BMY, CBK, and FXE
Trying to hold falling trend line support: gold
Attempting to hold the 28 DMA here: AAPL and BAA
To no position for now: The XAU hourly at 3 PM yesterday.
Trying to break above some falling trend line resistance: AMN, ARM, AU, BHI, CPB, ERF, GOOG, IRF, MG135, NTES, PBY, PEG, PLT, and RMBS
Attempting to break above the 28 DMA here: AMD and FBR
Now up against some rising trend line resistance: AIG, AMTD, BBBY, DVY, and MDC
Moderately overbought now: CAKE, EWI, NSC, PDA, and QLGC
Standard overbought at this point: BA, HPQ, IDA, INTU, JCP, and PNRA
Extremely overbought here: JWN and PG
A possible top may be forming in this area for: EMC
More later time permitting.
Anything posted here could be off base.

Thursday, October 5, 2006

AEM (Agnico Eagle Mines Ltd.) is trying to bottom out again.

S&O's based on the 10/4/06 close.

The YI is now +5, and it is most likely signaling a significant market top in the making dead ahead.

The XAU hourly went to a buy at 1 PM yesterday, but we are still waiting for gold to bottom out before aggressively trading the gold stocks from the long side.
A possible bottom may be forming in this area for: AEM
Now trying to bottom out are: AU, BPOP, DO, ERF, FTO, GG, GLG, KEA, OXY, PDE, RGLD, SFY, SU, SUN, TIE, and TKR
Standard oversold at this point: CDE, MRVL, and NEM
Moderately oversold now: AMN, CLG, FCX, GLD, IRF, KGC, LSS, SMTC, and WON
Trying to hold some rising trend line support are: ABX, AEM, ASA, BGF, EWC, RIG, SLV, and XLB
Trying to hold falling trend line support: AA, PTR, RDC, X, the XAU index, and the XNG index.
Attempting to hold the 28 DMA here: GT and TSM
Trying to break above some falling trend line resistance: BHI, FDP, NTES, PBY, TMO, and the VXO
Moderately overbought now: IIT
Standard overbought: SKS
Extremely overbought: RNR
And as is always the case, anything posted here may be off base.

Wednesday, October 4, 2006

STMP (Stamps.com, Inc.) is trying to bottom out again.

S&O's based on the close of 10/3/06

The YI at +4 now, is signaling a significant top of some kind is on the way for the overall market by Thanksgiving, but of course no timing system is perfect and anything can and sometimes will happen in the great casino we call the market.

Trying to bottom out at this point: ARM, DJ, and STMP
Standard oversold now are KEA and SNE
Moderately oversold here: CHC, FDP, and QCOM
Trying to hold some rising trend line support: CAKE, ELY, ENR, GLG, gold, KEA, MRK, NFI, NVLS, Q, QLGC, QQQQ, SEE, SHI, the XCI index, and the XOI index.
Trying to hold some falling trend line support: CHK, COP, ECA, GG, MG135, and SU
Attempting to hold the 28 DMA here: ALEX, AMZN, MMC, MU, RMBS, SMH, and THQI
To no position for now: CSCO and JWN
Trying to break above some falling trend line resistance at this point: PDA and SVU
Attempting to break above the 28 DMA here is: STP
Now up against some rising trend line resistance: The BTK index and HPQ
Moderately overbought: HMC
And of course as is always the case, anything posted here may be off base.

Tuesday, October 3, 2006

MSCC (Microsemi Corp.) looks ugly as hell here as it tries to bottom out.

The rest of today's S&O's based on the 10/2/06 close.

A possible bottom may be forming in this area for: MSCC
Moderately oversold at this point: OCR and TKR
Trying to hold some rising trend line support: MCD, MCRS, NXL, PHG, PHI, SBUX, SGP, and XMSR
Attempting to hold the 28 DMA here: SVU and WHR
Trying to break above some falling trend line resistance: SHI
Attempting to break above the 28 DMA here: HIT, MTU, and SWC
Now up against some rising trend line resistance: GM
A possible top may be forming in this area for: IFN
A break out is on the way for: GNSS and TSM
And as is always the case of course, anything posted here may prove to be way off base.

S&O's based on the closing prices of 10/2/06

YI: +3.5

Moderately oversold at this point is: AMD
Trying to hold some rising trend line support: The YI, ADP, ALEX, BKC, C, and CY
Trying to hold falling trend line support: CUP
Attempting to hold the 28 DMA here is: C
To no position for now: EMC
Trying to break above some falling trend line resistance: AU and BAA
Moderately overbought at this point: EOG
Standard overbought: CMI
A possible top may be brewing in this area for: BAC
More signals and opinions later time permitting.
Anything posted here may be of base.

Monday, October 2, 2006

S&O's based on the closing prices of 9/29/06

YI: +4

To a buy: The XAU at 11AM on Friday.
Standard oversold: OCR and WOR
Moderately oversold: SNDK
Trying to hold some rising trend line support: ELN, ERIC, PHG, PHI, TTH, and WHR
Attempting to hold the 28DMA: BPOP, PBY, and TMO
To no position for now: gold
To a hold: HMY
Trying to break above some falling trend line resistance: BAA, the dollar, BHI, CAT, PDE, REDF, RIG, RIO, and WDC
Attempting to break above the 28 DMA: AA and TXU
Now up against some rising trend line resistance: ALEX
Moderately overbought: AMTD, the BTK index, CLF, CMI, CREE, DELL, EBAY, EMC, ENER, GM, and SHI
Standard overbought: The DJ-30, EWQ, and INTC
Extremely overbought: EWA and the XCI index.
A possible top may be forming in this area for: AMAT, the BKX index, JNJ, JNPR, JOSB, and LMT
Probable top here: ENR
To a sell: The XAU hourly at 3 PM on Friday, CSCO, and GYMB