Wednesday, June 9, 2010

T.A. update for the open, June 9, 2010.

  1. Yi: +0.92 (And so far, the zero line is holding, which would be at least a short term positive for the market.)
  2. A possible bottom here for: AXP, CAT, GE, HOGS
  3. Trying to bottom out in this area: $OEX, $PLAT, $XOI, AA, ACH, B, BA, BBT, BPZ, CBK, CREE, DM, FSLR, FUQI, GMR, IDA, IRF, IWM, IYY, KBE, LEN, LMT, LOW, MEOH, MMC, MOT, MTH
  4. Average oversold: $SPX, $XOI, CBK, ELN, ELY, MBI, MTH
  5. Moderately oversold now: $GASO, $IIX, COGO, IBM
  6. Attempting to hold the 65 DMA here: AAPL
  7. Now trying to hold falling trendline support: $DJX, A, ACAS
  8. Up against the 28 DMA here: AEM and ASA
  9. Up against falling trendline resistance: $XAU and CLF
  10. Moderately overbought: EGO, GDX, GG, GIS
  11. Toppy here: $GOLD and GLD
  12. A possible top here for: $USD
  13. Anything posted here may be off base.

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