Thursday, October 11, 2007

Based on EOD October 10, 2007.

  1. YI: +4, so the market is pretty well overbought here.
  2. Trying to bottom out now: BLG, CORS, MTH, and TLB
  3. Moderately oversold: HMY, JOSB, and SNDK
  4. Trying to hold some rising trend line support: BA, BKS, ELN, EXP, HON, KLIC, PEP, PHI, RADN, SMH, and TASR
  5. Attempting to hold the 28 DMA here: NYB, SKS, SMTC, and STMP
  6. Trying to break above some falling trend line resistance: PHG and TIE
  7. Up against rising trend line resistance: AAUK, AEM, DJ-30, GFI, GG, LMT, RGLD, SUN, TCK, WNG, and XMSR
  8. Moderately overbought now: AXP, CDE, and NSC
  9. Standard overbought: ADP. AMP, CAT, CMC, and NG
  10. Extremely overbought: XCI
  11. Possible top here for: ABX, CY, GGB, GM, PG, and WDC
  12. Toppy here: BHP, CSCO, IYM, JNPR, MFE, PLT, TKR, and UGP
  13. A break out in either direction is on the way for: BPOP and FBR
  14. Anything here may be off base.

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