S&O's based on the August 8, 2007 close.

1. YI: 0 (So once again, the YI zero line has acted as a point of resistance or support for the market.)
2. To a buy: CORS
3. Possible bottom here for: ASA, AVP, CLF, and ERF
4. Trying to hold falling trend line support: QCOM
5. Attempting to hold the 28 DMA here: EMC
6. To a hold for now: MTH and RMBS
7. Trying to break above some falling trend line resistance: ACAS, AMZN, BLG, the BTK index, CBK, CSTR, DELL, DJ, DO, DVY, EEFT, ERIC, EWG, EWI, EXP, FBR, GFI, GLD, IYR, JWN, LSI, MER, NSM, NST, OXY, QQQQ, RDC, and RT
8. Attempting to break above the 287 DMA here: AIG, BHI, BKC, the BKX index, C, CREE, the DRG index, DVY, EWA, EWG, EWI, EWU, GGB, the IIX index, IYR, JPM, KEP, MTH, and PRAA
9. Moderately overbought: CAKE, CHK, the DJ-30, IDA, IDU, PEG, and PNRA
10. ALD, ALEX, CSL, EBAY, and PHI
11. Toppy: AMN
12. To no position: The XAU hourly at 3 PM yesterday.
13. More later. Anything here could be off base.