E.O.D. 5-3-07

1. YI: +5
2. A possible bottom may be forming in this area for: LSI and TZOO
3. Trying to hold some rising trend line support: EWD, IIT, RGA, and WY
4. Trying to break above horizontal trend line resistance: KEA
5. Trying to hold falling trend line support: HMC
6. Attempting to hold the 28 DMA here: ACAS, NFI, and PHG
7. Trying to break above some falling trend line resistance: ASA, COP, GNSS, GOOG, IFN, JOSB, JWN, RGLD, SHI, and X
8. Attempting to break above the 28 DMA here: GYMB
9. Now up against some rising trend line resistance: AAUK, EWC, NST, PDA, RIO, TTH, and WNG
10. Moderately overbought at this point: CAKE, CSCO, EXP, KEP, NVLS, ROK, and SYMC
11. Standard overbought: TKR
12. Extremely overbought: JNPR and RIG
13. A possible top may be forming in this area for: BKC
14. Toppy here: GE, HPQ, and MCD
15. Probable top in place for: EWQ
16. A break out in either direction is on the way for: SBUX
17. To no position for now: CLF and the XAU index.
18. Anything posted here may be off base.