Monday, December 3, 2007

Based on EOD Nov. 30, 2007

  1. YI: -1, so since we are getting close to the YI zero line again, which often acts as an area of resistance or support, we may be in store for some type of pullback in the market fairly soon.
  2. Trying to bottom out: ERIE
  3. Standard oversold: AMD, FXC, and PBY
  4. Moderately oversold: XSLV
  5. Trying to hold some rising trend line support: ABX and MKC
  6. Attempting to hold the 28 DMA here: FXY and OGE
  7. Trying to break above some falling trend line resistance: ACAS, AIG, CMI, CPB, ELN, ERIC, GE, MSCC, NYB, SUN, TOT, and WY
  8. Attempting to break above the 28 DMA here: AA, ACF, ACH, BPOP, CORS, EJ, ENER, EWD, FCX, GF, HON, IWM, KEY, LOW, MMC, PAYX, PCU, TSM, WB, XLF, and the XOI index.
  9. Up against rising trend line resistance: AAPL and LMT
  10. Moderately overbought: AAUK, BMY, the DJ-30, DVY, EWI, EWJ, IYM, KFT, KMX, MCD, MEOH, NLY, NSC, NTES, PNRA, SNA, and X
  11. Standard overbought: AAPL, EEFT, IDU, IFN, and PG
  12. Toppy here: CLF, GIS, GOOG, JNJ, and MTD
  13. Going parabolic: STP
  14. Anything here may be off base.

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