Thursday, May 22, 2008

Update based on EOD May 22, 2008.

  1. YI: +2.5
  2. Possible bottom here for: AIG
  3. Trying to bottom out: KBE, KEY, WB, and WHR
  4. Standard oversold now: BAC, C, GE, and NWL
  5. Moderately oversold: BA, BPOP, DJ-30, EBAY, GOOG, IFN, JCP, LEN, MCD, MER, MMC, UN, USB, VFC, and XLF
  6. Trying to hold some rising trend line support: CAT, ERF, FCX, MDC, MSCC, PG, and SVU
  7. Trying to hold falling trend line support: DVY, SEE, TSU, and WY
  8. Attempting to hold the 28 DMA here: AAPL, ACAS, CY, IYY, QQQQ, TSM, and TTH
  9. Trying to break above some falling trend line resistance: OGE
  10. Attempting to break above the 28 DMA here: VXO
  11. Moderately overbought now: XSLV
  12. Anything posted here may be off base.

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