Wednesday, October 17, 2007

Based on EOD October 16, 2007.

  1. YI: +2.5
  2. Trying to bottom out: BA, BMS, ELY, FRO, GNSS, MMC, MU, Q, RT, SBUX, and WHR
  3. Standard oversold: JCP and JWN
  4. Moderately oversold: ACF, AIG, BPOP, CHC, PHG, SNA, TIE, TSM, TYC, and WIRE
  5. Trying to hold some rising trend line support: CLF, CPB, CREE, DJ-30, DRG, FCX, GF, GM, HMC, HPQ, MFE, MOT, MTD, NSM, OKE, PG, RGLD, ROK, SYMC, TASR, TZOO, WDC, WNG, the XAU index, and XLU
  6. Trying to hold falling trend line support: CGI, EEFT, FBR, GPC, KMX, LSI, and PDS
  7. Attempting to hold the 28 DMA here: ALEX, CSCO, EEFT, ENR, GLW, GT, HIT, IDA, IWM, JNJ, JNPR, MCRS, NWL, OCR, PLL, QCOM, RNR, TKR, XLP, and YHOO
  8. Trying to break above some falling trend line resistance: BG, PAYX, and SVU
  9. Attempting to break above the 28 DMA here: JOSB
  10. Up against rising trend line resistance: APPB
  11. Moderately overbought now: ALC and TOT
  12. Standard overbought: CHK , PXD, XLE, and the XOI index.
  13. Possible top here for: AEM, PTR, and XPLT
  14. Toppy: BHI, DO, EOG, EWP, GG, KGC, NEM, NG, NTES, SFY, and SU
  15. Anything here may be off base.

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