Happy New Year! Here are the S&O's based on the close of 12/29/06.

YI: +4

Trying to bottom out in this area: OCR and SNDK
Moderately oversold now: DELL and ERF
Trying to hold some rising trend line support: ARM and TMO
Trying to hold horizontal trend line support: AMD
Attempting to hold the 28 DMA here: BGF
Trying to break above some falling trend line resistance: GLD, NXL, PHG, PMCS, and REDF
Attempting to break above the 28 DMA here: AAPL, EWU, and GRZ
Standard overbought now: TSM and VZ
And as is always the case, anything posted here may be off base.