Thursday, July 17, 2008

Update based on the July 17, 2008 close.

  1. YI: -4
  2. Trying to bottom out: SNA
  3. Extremely oversold: STX
  4. Standard oversold: TOT and the XOI index.
  5. Moderately oversold: XLU
  6. Trying to hold some rising trend line support: ABX, LUFK, TOT, and XSLV
  7. Trying to hold falling trend line support: FCX
  8. Attempting to hold the 28 DMA here: VXO
  9. Trying to break above some falling trend line resistance: ACH, ADP, BAC, CBK, EXP, FNM, GF, HMC, HON, the IIX index, IWM, MER, MSCC, NOK, TSU, and XLF
  10. Attempting to break above the 28 DMA here: BAC, C, GPC, KFT, MSCC, MTH, PBCT, PHI, PTR, SEE, SVU, TSL, UN, and USB
  11. Moderately overbought now: BMY, CY, IBM, MCD, MDC, NST, and SYY
  12. Toppy here: JNJ
  13. Anything posted here may be off base.

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