Wednesday, May 28, 2008

Update based on EOD May 28, 2008.

  1. YI: +1.5
  2. Possible bottom here for: GM
  3. Trying to bottom out now: BPOP and NOK
  4. Standard oversold: AIG
  5. Moderately oversold now: FNM and GFI
  6. Trying to hold some rising trend line support: ASA, FRO, GF, PDS, PTR, RGLD, TOT, and the XOI index.
  7. Trying to hold falling trend line support: AEM, GG, PCU, PEG, and SNE
  8. Attempting to hold the 28 DMA here: ABX, BHP, ERF, and GLD
  9. Up against rising trend line resistance: QQQQ
  10. Trying to break above some falling trend line resistance: AAPL, AAUK, AVP, GIS, GOOG, KFT, and UN
  11. Moderately overbought now: OGE
  12. Standard overbought: QCOM
  13. Toppy here: NYB
  14. Anything here may be off base.

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