E.O.D. May 8, 2007

1. YI: +4.5
2. To a buy: The XAU hourly at 1 pm on May 8.
3. A possible bottom may be forming here for: AMD and TLB
4. Trying to bottom out in this area: heating oil
5. Standard oversold: PG
6. Moderately oversold: GM, GYMB, and JCP
7. Trying to hold some rising trend line support: ACF, AEM, CORS, IFN, MCD, MEOH, NVLS, OMN, PXD, RDC, RMBS, SGP, and the XOI index.
8. Trying to hold horizontal trend line support: QCOM
9. Attempting to hold the 28 day moving average: ASA, EWD, FXE, JNJ, JWN, MMC, SUN, TOL, and TYC
10. Trying to break above some falling trend line resistance: ALD and TIE
11. Attempting to break above the 28 day moving average: CSL, KEY, and TSS
12. Now up against some rising trend line resistance: BHP, BKX, and SLE
13. Moderately overbought: LMT
14. Standard overbought: ERF
15. Extremely overbought: AA
16. A possible top may be forming here for the E-Mini 500.
17. Toppy here: AAPL, ADP, APPB, BMY, CUP, DELL, ECA, X, and XLB
18. Probable top here for: AIG
19. To a sell: GR
20. A break out in either direction is on the way for: ACAS, CAKE, and HMC
21. Anything posted here may  be off base.