Tuesday, November 13, 2007

Based on the close of November 12, 2007.

  1. YI: -5,  So the market is now getting oversold according to the YI.
  2. Possible bottom here for: ARM, JCP, KLIC, and PNRA
  3. Trying to bottom out now: BBBY, EWJ, JOSB, LOW, MER, and XLK
  4. Extremely oversold: PDS
  5. Standard oversold: BGF, CAT, the DJ-30, IBM, MOT, PAYX, and SBUX
  6. Moderately oversold: EWD, EWI, GT, HIT, HMC, UGP, and the XCI index.
  7. Trying to hold some rising trend line support: BVN, HON, MRVL, NOK, PBY, RHT, and STMP
  8. Trying to hold falling trend line support: BMY, NSM, and RGLD
  9. Attempting to hold the 28 DMA here: BVN, MCRS, QLGC, RIG, and SU
  10. Trying to break above some falling trend line resistance: ACAS, AMTD, AVP, BPOP, IDA, NWL, NYB, RT, SRZ, and WHR
  11. Attempting to break above the 28 DMA here: CAKE, ERIE, MKC, TLB, and WTS
  12. Up against rising trend line resistance: NVLS
  13. Moderately overbought: MPG
  14. Toppy: FXY
  15. A break out in either direction is on the way for: IRF
  16. More later. Anything here may be off base.

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