E.O.D. 5-7-07

1. YI: +5
2. A possible bottom may be forming here for: BAA
3. Trying to bottom out: XMSR
4. Moderately oversold now: PG and WTS
5. Trying to hold some rising trend line support: BAA, heating oil, INTU, NOK, OXY, REDF, SWC, and WTS
6. Trying to hold falling trend line support: CBK and CDE
7. Attempting to hold the 28 DMA here: NLY
8. To a hold: ERS and WDC
9. Trying to break above some falling trend line resistance: ABX, ACF, ALEX, CHC, ERS, EWJ, HIT, HMC, IYR, MTH, MU, OMN, OXY, RMBS, RT, SHI, SIFY, SMTC, TIE, USU, and X
10. Attempting to break above the 28 DMA here: AEM, the dollar, FXE, IRF, RGLD, SLV, and the XAU index.
11. Now up against some rising trend line resistance: DELL, DVY, ELN, FCX, GG, HMN, PCU, PDE, PLT, QQQQ, RIO, T2104, THQI, TTH, and XLF
12. Moderately overbought: ABX, AMN, CUP, DELL, ERF, gold, MEOH, MRVL, SPC, WDC, and WY
13. Standard overbought: AMTD, BMY, CSTR, GGB, GLD, HMY, HPQ, the IIX index, LYO, MER, NBR, NSM, NVLS, NX, Q, SMH, SU, TASR, and XLF
14. Extremely overbought: BHP, CMC, ECA, EWU, IYM, the OEX index, WNG, the XCI index, and XLK
15. A possible top may be forming here for: FCX
16. Toppy here: AIG, AMTD, AMZN, BHI, BKC, CHK, CLF, CSCO, ENR, EOG, EON, EXP, JNPR, MTD, PTR, and RDC
17. Probable top here: SVU and WHR
18. To a sell: EWQ, SGP, and the XAU hourly at 1 PM today.
19. A break out in either direction is on the way for: IDA, JNJ, STX, and the VXO
20. To no position for now: EWA, EWI, IDU, and MRVL
21. Anything posted here may be off base.