Friday, December 4, 2009

T.A. update for the open, December 4, 2009.

  1. Yi: +4.1
  2. Possible bottom here for: TLB
  3. Now trying to bottom out: $VIX
  4. Average oversold: DELL
  5. Moderately oversold: AAPL, SKS, WFC, XOP
  6. Trying to hold rising trendline support: $CRB, F, LMT, NEM, SU, SWK, VFC
  7. Attempting to break above the 28 DMA here: B and IWM
  8. Trying to break above falling trendline resistance: $SOX, AA, ACH, AVAV, BBT, CBK, CSL, IBM, IRF, JASO, QCOM, QID, RBS, SHI, SPWRA, SSO, TIE, TSM, UYG, WFR, WSO, XLF
  9. Attempting to break above the 65 day: BAC
  10. Now up against some rising trendline resistance: ABX, FRO, IYY, TOT, TSL, WDC, WY, XLU
  11. Moderately overbought now: $SOX, AEM, AVP, BPZ, EWJ, GPC, LDK, URE
  12. Average overbought at this level: $XAU, FRO, GG, IDA
  13. Extremely overbought: CNK
  14. Toppy here: $XAU, BPZ, LPL, MKC, OGE, PAYX, WY
  15. A possible top here for: CNK, CREE, GDX, GLD
  16. A probable top here for: GLD
  17. A break out in either direction is on the way for: ACAS
  18. Anything posted here may be off base.

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