Update based on EOD May 8, 2008.

1. YI: +2.5
2. Moderately oversold now: EBAY, GE, and PEG
3. Trying to hold some rising trend line support: AAPL, ACH, EWJ, IWM, IYG, NYB, OGE, PCU, PG, QQQQ, and TOT
4. Trying to hold falling trend line support: CBK, PEP, SEE, STMP, TSM, and WHR
5. Attempting to hold the 28 DMA here: ALEX, BPOP, DVY, EWI, GM, HON, JNJ, KEY, MER, PAYX, T, WB, and XLU
6. Up against rising trend line resistance: BHP, GF, UGP, and WOR
7. Attempting to break above the 28 DMA here: PLL
8. Anything posted here may be off base.