Wednesday, May 21, 2008

Update based on EOD May 20, 2008.

  1. YI: +4
  2. Moderately oversold now: AVP, CPB, KBE, and KEY
  3. Trying to hold some rising trend line support: AAPL, BHP, DVY, EBAY, IIX, MMC, PAYX, and PTR
  4. Trying to hold falling trend line support: AIG and UN
  5. Attempting to break above the 28 DMA here: DJ-30, JCP, and MMC
  6. Up against rising trend line resistance: ABX
  7. Trying to break above some falling trend line resistance: KO and the VXO
  8. Moderately overbought now: PEG, RGLD, and XLU
  9. Toppy here: KFT and T2118
  10. Going parabolic: NAT
  11. Anything posted here may be off base.

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