Friday, March 23, 2007

Based on the close of 3-22-07.

  1. Things still look pretty bearish in my opinion, with a lot of stocks and indices trying to break above resistance areas.
  2. YI: +2.5
  3. Trying to bottom out: VXO (bearish)
  4. Trying to hold falling trend line support: INTU
  5. Trying to break above some falling trend line resistance: CBK, CDE, CGI, EON, EWP, EWU, GFI, HMN, IFN, KMX, MRK, NBR, PG, PHG, RNR, SGP, SIFY, SNE, SYY, and the XCI index.
  6. Attempting to break above the 28 DMA here: ACF, AMN, AMTD, APPB, ARM, BMS, DELL, EXP, HPQ, IBM, JPM, JWN, LUFK, MDC, MER, RGLD, TOL, WHR, and WON
  7. Now up against some rising trend line resistance: AU, CSTR, the DRG index, ECA, ENR, EWD, GE, GM, IYR, SLE, TMO, and TTH
  8. Moderately overbought here: ASA, the BTK index, CAT, CHK, CUP, the DJ-30, DO, ENER, ERIC, EWI, EWJ, EWQ, FRO, GGB, GLD, GPC, IWM, JNPR, KEY, KGC, KO, MSCC, NST, the OEX index, QQQQ, SEE, SHI, the S&P-500, TASR, TIE, TKR, TSM, TSS, TYC, UGP, WIRE, XLK, XLP, and YHOO
  9. Standard overbought now: AAPL, AAUK, BHP, CLF, CMI, EWA, EWD, IYM, NOK, NX, PBY, PCU, PLT, SNDK, SUN, SVU, X, XLB, and XLU
  10. Toppy here: EWG, GLW, IDU, and PLL
  11. A break out in either direction is on the way for: PTR
  12. Anything posted here could be off base.

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