Update based on EOD May 2, 2008.

1. YI: +3.5
2. Extremely oversold here: GLD
3. Trying to hold some rising trend line support: ADP
4. Trying to hold falling trend line support: The VXO
5. Attempting to hold the 28 DMA here: CY and FCX
6. Now up against rising trend line resistance: C, HMC, HON, RIO, and T
7. 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
8. Moderately overbought now: AIG, BAC, DVY, IDA, KEY, KFT, OGE, RT, and WOR
9. Standard overbought: ARM, CPB, IFN, IWM, MCD, QQQQ, and TTH
10. Extremely overbought: TKR
11. Toppy here: EWJ, GOOG, KBE, PAYX, QCOM, SNE, STMP, V, and XLF
12. Going parabolic: GGB
13. A break out either way is on the way for: TLB
14. Anything posted here may be off base.