Thursday, July 5, 2007

S&O's based on the July 3, 2007 close.

1) YI: +2
2) Trying to hold some rising trend line support: ALD, INTU, and JWN
3) Trying to break above falling trend line resistance: AIG, AMAT, AU, AVP, the BTK index, CDE, the DJ-30, DVY, EWA, gold, GRZ, IIT, IWM, IYM, and KMX
4) Attempting to break above the 28 DMA here: The DRG index, ENER, FXY, HMY, IDU, JNJ, and LMT
5) Now up against rising trend line resistance: BHP, EOG, and JNPR
6) Moderately overbought now: AA, AAUK, ACF, ADP, ASA, CLF, ERF, EWI, EWJ, EWP, FXE, GNSS, and LYO
7) Standard overbought: ARM, COP, ERIC, FXB, GF, and GT
8) Extremely overbought: The IIX index.
9) Possible top here for: EON
10) Toppy: BVN, DELL, ELN, EMC, EWG, EWQ, FCX, GR, and HMC
11) A break out in either direction is on the way for: BMY, CORS, and IDA
12) To no position for now: ENER
More later. Anything here may be off base.

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