Tuesday, October 9, 2007

Based on EOD October 8, 2007.

  1. YI: +3
  2. Moderately oversold now: NBR and PRAA
  3. Trying to hold some rising trend line support: EWD, EWI, FCX, GLD, and NYB
  4. Attempting to hold the 28 DMA here: GIS, JOSB, KFT, QLGC, and RIG
  5. Trying to break above some falling trend line resistance: C, GYMB, NTES, PAYX, SEE, and TMO
  6. Attempting to break above the 28 DMA here: LOW, LRW, PAYX, THQI, and WTS
  7. Up against rising trend line resistance: ENR, GM, IDU, NG, PLT, ROK, SFY, the S&P-500, and XLK
  8. Moderately overbought now: CBK, DVY, IDA, JCP, MPG, PLL, RHT, TSM, TYC, WY, and XLF
  9. Standard overbought: ACAS, CHK, and GMCR
  10. Extremely overbought: MFE
  11. Toppy here: CLF, DNR, EWA, EWU, GF, MEOH, MTD, MTU, PDA, RMBS, XNG, and YHOO
  12. Going parabolic: GOOG, PHI, and the QQQQ
  13. A break out in either direction is on the way for: OGE
  14. More later. Anything here may be off base.

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