Thursday, May 8, 2008

Update based on the May 7, 2008 close.

  1. YI: +2
  2. Moderately oversold: TSU and UN
  3. Trying to hold some rising trend line support: XLF
  4. Trying to hold falling trend line support: CREE and TICC
  5. Attempting to hold the 28 DMA here: IDA
  6. Up against rising trend line resistance: ASA, GFI, MSCC, OKE, and the XOI index.
  7. Trying to break above some falling trend line resistance: FXC and the VXO
  8. Attempting to break above the 28 DMA here: ACAS and STX
  9. Moderately overbought now: AA
  10. Standard overbought at this level: ERF, PDS, T2118, and TCK
  11. Possible top here for: FRO and GF
  12. Toppy here: AA and NAT
  13. Anything posted here may be off base.

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