Tuesday, May 25, 2010

T.A. update for the open, May 25, 2010.

  1. Yi: +1.05 (So if the zero line does not hold here, we may have to take a trip down to the -4 or -5 area to get the market completely sold out.)
  2. Now trying to bottom out: $PLAT, $WTIC, AEM, NOK
  3. Extremely oversold: BPZ
  4. Oversold: $IIX, A, ACF, BMY, CNK, CREE, DELL, GE
  5. Moderately oversold: $DJX, AMAT, COGO, COST
  6. Attempting to hold the 65 DMA here: $DJW-weekly
  7. Up against rising trendline resistance: $BDI
  8. Up against falling trendline resistance: $GASO, ACH, C, EGO
  9. Attempting to break above the 65 DMA here: ACAS
  10. Anything posted here may be off base.

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