Wednesday, March 26, 2008

TA based on the closing prices of March 25, 2008.

  1. YI: -0.5 (We are getting near the mid-point zero line which often acts as an area of resistance or support for the market, so the caution flags are flying once again.)
  2. Trying to break above some falling trend line resistance: The DJ-30, EWI, EWU, TOT, UGP, and XPLT
  3. Attempting to break above the 28 DMA here: CBK, GOOG, GPC, IFN, JCP, and NAT
  4. Up against rising trend line resistance: EWJ and PG
  5. Moderately overbought now: AAPL, ADP, the IIX index, IWM, NWL, PAYX, PLT, QQQQ, the S&P-500, STMP, SYY, TSM, TTH, and the VXO
  6. A break out in either direction is on the way for: CSL
  7. Anything posted here may be off base.

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