Update based on EOD May 19, 2008.

1. YI: +5 again, so the odds of some type of top forming in this area for the market have increased.
2. Trying to bottom out in this area: BMY
3. Trying to hold some rising trend line support: AMD, BAC, USB, and WB
4. Attempting to hold the 28 DMA here: XMSR
5. Up against rising trend line resistance: ACH, ALEX, EWI, NYB, S&P-500, and TSM
6. Trying to break above some falling trend line resistance: AEM, HMC, IIX, and NOK
7. Attempting to break above the 28 DMA here: NOK, PG, and XSLV
8. Moderately overbought now: EXP, GLD, PLL, and PTR
9. Standard overbought: AAUK, QCOM, and XPLT
10. Extremely overbought: FCX, TOT, and XOI
11. Toppy here: ERF, MSCC, TCK, and WY
12. Anything posted here may be off base.