Wednesday, July 2, 2008

Update based on EOD July 1, 2008.

  1. YI: -4.5
  2. Probable bottom here for: AIG, BAC, BPOP, and NWL
  3. Possible bottom here for: ACAS, C, CBK, GE, IFN, and KBE
  4. Trying to bottom out here: AMAT, BA, FNM, IDA, IIX, KFT, and the SP-500.
  5. Extremely oversold now: MER, SEE, and WHR
  6. Standard oversold: ALEX, ARM, CAT, GPC, NYB, SNE, STX, and SYY
  7. Trying to hold some rising trend line support: IBM, LUFK, and MKC
  8. Trying to hold falling trend line support: AA, ACH, AKNS, CY, MDC, MTH, PAYX, PBY, PCU, and XLF
  9. Trying to break above some falling trend line resistance: AAPL, GOOG, NST, PEP, PG, the XOI index, and XSLV
  10. Attempting to break above the 28 DMA here: BMY and TOT
  11. Toppy here: ABX, AEM, and ASA
  12. Anything posted here may be off base.

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