Saturday, April 26, 2008

Update based on the close of April 25, 2008.

  1. YI: +2.5
  2. Trying to bottom out in this area are: ABX, ASA, AEM, CREE, GFI, and SUN
  3. Standard oversold now: GLD, PHI, WHR, and XSLV
  4. Moderately oversold: ASA, GG, PG, RGLD, and XPLT
  5. Trying to hold some rising trend line support: FCX, KFT, SYY, and TOT
  6. Trying to hold falling trend line support: RIO
  7. Trying to break above some falling trend line resistance: ALEX, BGF, DVY, and STMP
  8. Up against rising trend line resistance: IFN, IWM, IYY, NYB, QQQQ, and the S&P-500.
  9. Attempting to break above the 28 DMA here: BAC, MPG, and TICC
  10. Moderately overbought now: ARM, C, GM, GPC, PLT, QCOM, T, and XLF
  11. Standard overbought: The IIX index, NAT, and STMP
  12. Possible top here for: AAPL and JNJ
  13. Anything posted here may be off base.

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