Tuesday, April 29, 2008

Update based on the April 29, 2008 closing prices.

  1. YI: +2.5
  2. Moderately oversold at this level: PEP and UGP
  3. Trying to hold some rising trend line support: GIS
  4. Trying to break above some falling trend line resistance: GE, KEY, NLY, WB, and XSLV
  5. Attempting to break above the 28 DMA here: AA
  6. Moderately overbought now: FNM, IYG, JCP, KBE, MER, MSCC, USB, and WY
  7. Standard overbought at this level: SNA
  8. Toppy here: BA, the DJ-30, the IIX index, IYY, QQQQ, and the S&P-500.
  9. A break out either way is on the way for: IDA, PEG, and TSU
  10. Anything posted here may be off base.

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