- YI: +2
- Trying to bottom out in this area: PG
- Standard oversold now: KEY and WB
- Attempting to hold the 28 DMA here: AMD and TCK
- Up against rising trend line resistance: WY
- Trying to break above some falling trend line resistance: C and WSO
- Moderately overbought now: VFC
- Toppy here: IBM
- Anything posted here may be off base.
Thursday, May 29, 2008
Update based on EOD May 29, 2008.
Wednesday, May 28, 2008
Update based on EOD May 28, 2008.
- YI: +1.5
- Possible bottom here for: GM
- Trying to bottom out now: BPOP and NOK
- Standard oversold: AIG
- Moderately oversold now: FNM and GFI
- Trying to hold some rising trend line support: ASA, FRO, GF, PDS, PTR, RGLD, TOT, and the XOI index.
- Trying to hold falling trend line support: AEM, GG, PCU, PEG, and SNE
- Attempting to hold the 28 DMA here: ABX, BHP, ERF, and GLD
- Up against rising trend line resistance: QQQQ
- Trying to break above some falling trend line resistance: AAPL, AAUK, AVP, GIS, GOOG, KFT, and UN
- Moderately overbought now: OGE
- Standard overbought: QCOM
- Toppy here: NYB
- Anything here may be off base.
Update based on EOD May 27, 2008.
- YI: +1
- Trying to bottom out: BAC, JCP, MDC, MER, MMC, NWL, and SEE
- Standard oversold: XMSR
- Moderately oversold: ADP, DVY, PAYX, PTR, and the S&P-500.
- Trying to hold some rising trend line support: ACH, CY, GPC, IDA, JNJ, PBY, SNE, and XPLT
- Trying to hold falling trend line support: ADP
- Attempting to hold the 28 DMA: EWI, EWJ, HMC, IWM, LUFK, SNA, SYY, and XLU
- Trying to break above some falling trend line resistance: ALEX
- Anything posted here may be off base.
Monday, May 26, 2008
Update based on EOD May 23, 2008.
- YI: +1
- Extremely oversold: GM
- Standard oversold: MDC
- Moderately oversold: HON, JNJ, MKC, and PHI
- Trying to hold some rising trend line support: AAUK, ALEX, ARM, BMY, EWJ, EXP, HMC, KEY, LEN, NAT, QQQQ, V, and XMSR
- Trying to hold falling trend line support: TLB and XLF
- Attempting to hold the 28 DMA here: FCX, IIX, and UGP
- Trying to break above some falling trend line resistance: BGF and MEOH
- Attempting to break above the 28 DMA here: KO and PEP
- A break out either way is on the way for: SUN
- Anything posted here may be off base.
Thursday, May 22, 2008
Update based on EOD May 22, 2008.
- YI: +2.5
- Possible bottom here for: AIG
- Trying to bottom out: KBE, KEY, WB, and WHR
- Standard oversold now: BAC, C, GE, and NWL
- Moderately oversold: BA, BPOP, DJ-30, EBAY, GOOG, IFN, JCP, LEN, MCD, MER, MMC, UN, USB, VFC, and XLF
- Trying to hold some rising trend line support: CAT, ERF, FCX, MDC, MSCC, PG, and SVU
- Trying to hold falling trend line support: DVY, SEE, TSU, and WY
- Attempting to hold the 28 DMA here: AAPL, ACAS, CY, IYY, QQQQ, TSM, and TTH
- Trying to break above some falling trend line resistance: OGE
- Attempting to break above the 28 DMA here: VXO
- Moderately overbought now: XSLV
- Anything posted here may be off base.
Update based on EOD May 21, 2008.
- YI: +2.5
- Trying to hold some rising trend line support: BPOP, FNM, MOT, PHI, and TSM
- Trying to hold falling trend line support: CPB, DJ-30, STX, XLF, and XMSR
- Attempting to hold the 28 DMA here: GFI, GIS, GOOG, IBM, S&P-500, and T
- Moderately overbought: ABX and NST
- Toppy here: ASA and the XOI index.
- Possible top here for: ERF and GG
- Probable top here for: FRO
- Going parabolic: TOT
- Anything posted here may be off base.
Wednesday, May 21, 2008
Update based on EOD May 20, 2008.
- YI: +4
- Moderately oversold now: AVP, CPB, KBE, and KEY
- Trying to hold some rising trend line support: AAPL, BHP, DVY, EBAY, IIX, MMC, PAYX, and PTR
- Trying to hold falling trend line support: AIG and UN
- Attempting to break above the 28 DMA here: DJ-30, JCP, and MMC
- Up against rising trend line resistance: ABX
- Trying to break above some falling trend line resistance: KO and the VXO
- Moderately overbought now: PEG, RGLD, and XLU
- Toppy here: KFT and T2118
- Going parabolic: NAT
- Anything posted here may be off base.
Monday, May 19, 2008
Update based on EOD May 19, 2008.
- YI: +5 again, so the odds of some type of top forming in this area for the market have increased.
- Trying to bottom out in this area: BMY
- Trying to hold some rising trend line support: AMD, BAC, USB, and WB
- Attempting to hold the 28 DMA here: XMSR
- Up against rising trend line resistance: ACH, ALEX, EWI, NYB, S&P-500, and TSM
- Trying to break above some falling trend line resistance: AEM, HMC, IIX, and NOK
- Attempting to break above the 28 DMA here: NOK, PG, and XSLV
- Moderately overbought now: EXP, GLD, PLL, and PTR
- Standard overbought: AAUK, QCOM, and XPLT
- Extremely overbought: FCX, TOT, and XOI
- Toppy here: ERF, MSCC, TCK, and WY
- Anything posted here may be off base.
Sunday, May 18, 2008
Update based on EOD May 16, 2008.
- YI: +5 (So the maket is now "officially" overbought again.)
- Trying to bottom out in this area: TSU
- Up against rising trend line resistance: DJ-30, IWM, and MMC
- Trying to break above some falling trend line resistance: EWJ, GPC, and SEE
- Attempting to break above the 28 DMA here: ABX and NWL
- Moderately overbought now: AEM, ASA, CSL, GG, and MDC
- Standard overbought here: GF, NYB, S&P-500, SVU, and VXO
- Extremely overbought: IBM
- Toppy: CY and IYY
- Possible top here for the QQQQ.
- A break out either way is on the way for: AVP
- Anything posted here may be off base.
Thursday, May 15, 2008
Update based on EOD May 15, 2008.
- YI: +4.5
- Trying to bottom out in this area: GM
- Trying to hold some rising trend line support: MCD and UGP
- Attempting to hold the 28 DMA here: MPG
- Up against rising trend line resistance: EWJ and SVU
- Trying to break above some falling trend line resistance: GF, GLD, KO, T, TLB, VFC, and XLF
- Attempting to break above the 28 DMA here: WHR
- Moderately overbought now: ACAS, LEN, OKE, and STX
- Standard overbought: CY, HON, SNE, and TTH
- Toppy here: SNA and TOT
- Has gone parabolic: BHP
- Anything posted here may be off base.
Update based on EOD May 14, 2008.
- YI: +3.5
- Trying to bottom out here: C
- Trying to hold falling trend line support: VXO
- Up against rising trend line resistance: CY, RIO, TOT, WOR, and the XOI index.
- Trying to break above some falling trend line resistance: DJ-30, FCX, FNM, PG, PLL, and XLU
- Attempting to break above the 28 DMA here: CSL and PHI
- Moderately overbought: ADP, BGF, FCX, and WY
- Standard overbought: PUW
- Possible top here for: IIX
- Toppy: CPB
- Probable top here for: AA
- Anything posted here may be off base.
Wednesday, May 14, 2008
Update based on EOD May 13, 2008.
- YI: +3
- Trying to bottom out in this area: AIG and BMY
- Trying to hold some rising trend line support: GG
- Up against rising trend line resistance: The IIX index, and MCD
- Trying to break above some falling trend line resistance: ACAS, IYY, SYY, and TKR
- Attempting to break above the 28 DMA here: ACAS, DVY, EBAY, MKC, PBY, and WSO
- Moderately overbought now: AMD
- Standard overbought: AA
- Toppy here: BHP
- Probable top here for: GGB
- Anything posted here may be off base.
Tuesday, May 13, 2008
Update based on EOD May 12, 2008.
- YI: +3
- Trying to bottom out in this area: GE, KO, NOK, and SEE
- Standard oversold here: CREE
- Moderately oversold: BMY, C, PCU, and PG
- Trying to hold some rising trend line support: FCX
- Trying to hold falling trend line support: KFT
- Attempting to hold the 28 DMA here: EWJ, KBE, SNE, and XLF
- Up against rising trend line resistance: FRO
- Attempting to break above the 28 DMA here: RGLD
- Moderately overbought now: XPLT
- Possible top here for: NAT
- Toppy: PDS
- A break out either way is on the way for: CY
- Anything posted here may be off base.
Saturday, May 10, 2008
Update based on the EOD May 9, 2008 prices.
- YI: +2
- Standard oversold at this point: CBK and KO
- Moderately oversold: ACH, AIG, BAC, EXP, IDA, MDC, and PEP
- Trying to hold some rising trend line support: AAUK, the DJ-30, GM, GPC, HON, IFN, LEN, MER, NST, PHI, TSM, V, and WSO
- Trying to hold falling trend line support: NOK and VFC
- Attempting to hold the 28 DMA here: AAUK, the DJ-30, HMC, IWM, MMC, NLY, OGE, PTR, and RT
- Up against rising trend line resistance: GG and XPLT
- Trying to break above some falling trend line resistance: PBY
- Attempting to break above the 28 DMA here: ABX, AEM, ASA, and GFI
- Moderately overbought now: MEOH and UN
- Possible top here for: AA
- Toppy: IBM
- Anything posted here may be off base.
Thursday, May 8, 2008
Update based on EOD May 8, 2008.
- YI: +2.5
- Moderately oversold now: EBAY, GE, and PEG
- Trying to hold some rising trend line support: AAPL, ACH, EWJ, IWM, IYG, NYB, OGE, PCU, PG, QQQQ, and TOT
- Trying to hold falling trend line support: CBK, PEP, SEE, STMP, TSM, and WHR
- Attempting to hold the 28 DMA here: ALEX, BPOP, DVY, EWI, GM, HON, JNJ, KEY, MER, PAYX, T, WB, and XLU
- Up against rising trend line resistance: BHP, GF, UGP, and WOR
- Attempting to break above the 28 DMA here: PLL
- Anything posted here may be off base.
Update based on the May 7, 2008 close.
- YI: +2
- Moderately oversold: TSU and UN
- Trying to hold some rising trend line support: XLF
- Trying to hold falling trend line support: CREE and TICC
- Attempting to hold the 28 DMA here: IDA
- Up against rising trend line resistance: ASA, GFI, MSCC, OKE, and the XOI index.
- Trying to break above some falling trend line resistance: FXC and the VXO
- Attempting to break above the 28 DMA here: ACAS and STX
- Moderately overbought now: AA
- Standard overbought at this level: ERF, PDS, T2118, and TCK
- Possible top here for: FRO and GF
- Toppy here: AA and NAT
- Anything posted here may be off base.
Wednesday, May 7, 2008
Update based on EOD May 6, 2008.
- YI: +3.5
- Standard oversold at this point: NWL
- Moderately oversold: MKC
- Trying to hold some rising trend line support: AIG, BPOP, C, GE, GM, MMC, PEP, and SEE
- Trying to hold some falling trend line support: ACAS and PLL
- Now up against rising trend line resistance: EWI
- Trying to break above some falling trend line resistance: ACH, LEN, MEOH, STX, and XSLV
- Going parabolic: FRO, NAT, and V
- Anything posted here may be off base.
Tuesday, May 6, 2008
Updated based on EOD May 5, 2008.
- YI: +3
- Trying to hold some rising trend line support: BA, EBAY, PBY, and SVU
- Trying to hold falling trend line support: KO
- Attempting to hold the 28 DMA here: CBK, MPG, NYB, and WSO
- Up against rising trend line resistance: JNJ
- Trying to break above some falling trend line resistance: AMD and NST
- Attempting to break above the 28 DMA here: BGF
- Standard overbought at this level: HMC and PTR
- Extremely overbought now: AAPL, FRO, and NAT
- Possible top here for: GGB
- Anything posted here may be off base.
Monday, May 5, 2008
Update based on EOD May 2, 2008.
- YI: +3.5
- Extremely oversold here: GLD
- Trying to hold some rising trend line support: ADP
- Trying to hold falling trend line support: The VXO
- Attempting to hold the 28 DMA here: CY and FCX
- Now up against rising trend line resistance: C, HMC, HON, RIO, and T
- Trying to break above some falling trend line resistance: BAC, the DJ-30, EXP, MDC, OGE, OKE, the S&P-500, SYY, T, UN, and WHR
- Moderately overbought now: AIG, BAC, DVY, IDA, KEY, KFT, OGE, RT, and WOR
- Standard overbought: ARM, CPB, IFN, IWM, MCD, QQQQ, and TTH
- Extremely overbought: TKR
- Toppy here: EWJ, GOOG, KBE, PAYX, QCOM, SNE, STMP, V, and XLF
- Going parabolic: GGB
- A break out either way is on the way for: TLB
- Anything posted here may be off base.
Friday, May 2, 2008
Update based on the May 1, 2008 closing prices.
- YI: +3
- Possible bottom here for: SUN
- Trying to bottom out in this area: CREE, MEOH, and STX
- Moderately oversold now: PLL and SEE
- Trying to hold some rising trend line support: C, JCP, PEG, RGLD, and SEE
- Attempting to hold the 28 DMA here: ACH, ERF, GIS, OKE, and PDS
- Trying to break above some falling trend line resistance: BGF, BMY, and MER
- Up against rising trend line resistance: NYB
- Moderately overbought now: BMY, BPOP, and NST
- Standard overbought: PLT
- Anything posted here may be off base.
Thursday, May 1, 2008
Update based on the closing prices of April 30, 2008.
- YI: +1.5
- Possible bottom here for: ABX and GFI
- Trying to bottom out in this area: ASA, GG, RGLD and XPLT
- Trying to hold some rising trend line support: ERF, KO, PCU, and SNE
- Trying to hold falling trend line support: AA, CREE, and GLD
- Attempting to hold the 28 DMA here: PCU
- Trying to break above some falling trend line resistance: ACAS, ADP, ARM, EBAY, KEY, and TTH
- Up against rising trend line resistance: CPB, GPC, NST, and TOT
- Standard overbought now: CBK and SVU
- Possible top here for: SVU
- Probable top here for: AAPL
- Going parabolic: V
- Anything posted here may be off base.
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