E.O.D. May 22, 2007

1. YI: +4.5
2. Trying to bottom out now: IRF, MDT, MRVL, and STP
3. Standard oversold now: KMX
4. Moderately oversold: ALEX and CMI
5. Trying to hold some rising trend line support: ARM, CFC, the DRG index, EWU, KEY, NOK, and PEG
6. Trying to break above some falling trend line resistance: AEM, the BTK index, CDE, JNJ, SLV, TZOO, and WY
7. Attempting to break above the 28 DMA here: BMS and XMSR
8. Now up against some rising trend line resistance: AMAT, BKS, FTO, FXE, IWM, LUFK, QQQQ, RGLD, SLE, SMTC, the S&P-500, and XLU
9. Moderately overbought now: APPB, BAA, CSL, GE, heating oil, and MSCC
10. Standard overbought: CGI, COP, EMC, the IIX index, PBY, Q, and QCOM
11. Extremely overbought: MRK, the OEX index, and WMB
12. A possible top may be forming in this area for: FTO and RIG
13. Toppy here: AMN, BA, BHI, CHK, DVY, FRO, PTEN, SU, USU, XLE, the XNG index, and the XOI index.
14. Probable top here for: ERF
15. To a sell: GR and XLB
16. A break out in either direction is on the way for: RFMD
17. Anything here may be off base.