Thursday, August 7, 2008

Update based on the close of August 6, 2008.

  1. YI: -1.5
  2. Possible bottom here for: ACH
  3. Trying to bottom out: The XAU index, AEM, ASA, B, BZP, EEFT, EWA, GDX, GFI, GG, GLD, PMPIX, SLV, SU, and TOT
  4. Extremely oversold: ABX
  5. Oversold: CRB index and WTIC
  6. Moderately oversold: CLF and MEOH
  7. Attempting to hold the 28 DMA here: SHI
  8. Trying to break above the 28 DMA here: AAPL, ALEX, BA, CAKE, EWI, and RGLD
  9. Moderately overbought now: DJX, OEX, SPX, ADP, AIG, BMY, C, CBK, CSL, DVY, ERIE, GPC, IFN, IWM, KBE, KBW, KO, LOW, MOT, NTES, NWL, PBCT, PG, PHI, ROK, SEE, SGP, USB, UYG, and WB
  10. Overbought: ARM, DELL, HIT, MCD, MMC, and OCR
  11. Extremely overbought: AVP
  12. Toppy: CNK and KFT
  13. Anything posted here may be off base.

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