Wednesday, May 28, 2008

Update based on EOD May 27, 2008.

  1. YI:  +1
  2. Trying to bottom out:  BAC, JCP, MDC, MER, MMC, NWL, and SEE
  3. Standard oversold: XMSR
  4. Moderately oversold: ADP, DVY, PAYX, PTR, and the S&P-500.
  5. Trying to hold some rising trend line support: ACH, CY, GPC, IDA, JNJ, PBY, SNE, and XPLT
  6. Trying to hold falling trend line support: ADP
  7. Attempting to hold the 28 DMA: EWI, EWJ, HMC, IWM, LUFK, SNA, SYY, and XLU
  8. Trying to break above some falling trend line resistance: ALEX
  9. Anything posted here may be off base.

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