Wednesday, August 8, 2007

S&O's based on the August 7, 2007 close.

  1. YI: -1.5
  2. To a buy: MTH, RMBS, TZOO, and the XAU hourly at 10 AM yesterday.
  3. Possible bottom here for: AA, IYM, and PTEN
  4. Trying to bottom out: AU, GLW, PDE, PTR, SFY, and TXU
  5. Extremely oversold: HMY and PXD
  6. Standard oversold: GFI
  7. Moderately oversold: Heating Oil, HMC, MEOH, MFE, and OXY
  8. Trying to hold some rising trend line support: ERIC, FCX, FTO, NLY, and WMB
  9. Trying to hold falling trend line support: ALC and AVP
  10. Attempting to hold the 28 DMA here: BA
  11. Trying to break above some falling trend line support: ADP, BAC, the BKX index, EOG, EON, GM, INTU, IRF, IWM, KEY, KGC, RGA, SUN, TOL, UGP, XLF, XLP, and the XNG index.
  12. Attempting to break above the 28 DMA here: EEFT, GIS, and MCD
  13. Up against rising trend line fesistance: CHK
  14. Standard overbought now: HPQ
  15. Anything here could be off base.

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