T.A. update for August 31, 2010.

1. Yi: +1.44
2. Now trying to bottom out: JCP
3. Oversold: ELN
4. Trying to hold some rising trendline support: IFN
5. Trying to hold falling trendline support: DM
6. Up against the 28 day: CHK
7. Up against some falling trendline resistance: $NYA50R, FCX, LEN
8. Up against the 65 day: $WTIC, ACAS, PTEN
9. Moderately overbought: ASA and MBI
10. Overbought: $XAU and GDX
11. Toppy here: ABX, AEM, EGO
12. A possible top here for: HOGS
13. Anything posted here may be off base.

T.A. update for the open, August 30, 2010.

1. Yi: +2.22
2. A possible bottom here for: WDC, WFR, WSO
3. Trying to bottom out in this area: BAC, CSIQ, FUQI, GMR, IBM, IP, MEOH, OCR, SCHG, STX, SYY, TOT, USB, XLF
4. Oversold: CSCO
5. Moderately oversold: X
6. Trying to hold some rising trendline support: PEG and PG
7. Attempting to hold the 65 DMA here: PEP
8. Trying to hold falling trendline support: HCBK and NOK
9. Up against rising trendline resistance: EGO and SSRI
10. Up against falling trendline resistance: $DJW, $HGX, $XOI, AA, ARM, DELL, EXP, FSLR, IYY, KBE, LPL, NST, OGE, PAYX, PBW, SU, URE
11. Up against the 65 day: $PLAT and PGM
12. Moderately overbought now: GDX, GG, NEM, SLV
13. Overbought: ABX and HOGS
14. A break out in either direction is on the way for: QCOM
15. Anything posted here may be off base.

T.A. update for August 27, 2010.

1. Yi: +1.37
2. Trying to bottom out in this area: BBT, C, CSL, CTB, DM
3. Attempting to hold the 65 DMA here: AVP and BLL
4. Attempting to hold the 28 day: BMY
5. Up against some falling trendline resistance here: $CRB, AA, EEFT, EWJ
6. Moderately overbought now: $GOLD, $USD, ABX
7. Overbought: AEM
8. Toppy here: $GOLD
9. A break out in either direction is on the way for: AVAV
10. Anything posted here may be off base.

T.A. update for the open, August 26, 2010.

1. Yi: +1.10
2. A possible bottom here for: DM and HPQ
3. Now trying to bottom out in this area: $DJX, $GASO, $HGX, $OEX, $SPX, $WTIC, $XOI, A, AA, AAPL, ACH, AMAT, AMSC, AXP, B, BPOP, BPZ, CAKE, CBK, CREE, CSCO, DDM, ELN, EWI, GE
4. Extremely oversold: BAC, BBT, FUQI, GMR
5. Oversold: $OEX, $WTIC, AA, BA, C, CAKE, CREE, ELN, KBE
6. Moderately oversold: $CRB, $DJW, ACH, CAT, COGO
7. Trying to hold some rising trendline support: $IIX, $NYA50R-weekly, CNK
8. Attempting to hold the 65 DMA here: CNK
9. Up against falling trendline resistance: CTB, ENER, LOW
10. Up against the 65 day: $VIX and DPS
11. Moderately overbought now: GLD
12. Toppy here: $BDI
13. Anything posted here may be off base.

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

1. Yi: +0.92
2. A possible bottom here for: STX
3. Trying to bottom out in this area: $PLAT, GOOG, HPQ, LEN, PGM, SEE, SKS, SNA, TIE, USD, UYG, V, WFC
4. Extremely oversold: HPQ and SPWRA
5. Standard oversold: $GASO, AMSC, CBK, DM, ENER, FRO, SKS, SNA, USD, WFC, XLF, XOP
6. Moderately oversold here: $DJX, $HGX, $OEX, $XOI, AAPL, BPZ, C, DDM, F, IBM, NAT, PBW, PLL, PRBLX, PTEN, PTR, QLD, QQQQ, RBS, SCHG, SEE, SEED, SSO, SU, SWK, TAN, TOT, TSM, YGE, YUII
7. Trying to hold some rising trendline support: $IIX, $NYA50R, A, MMC
8. Attempting to hold the 65 DMA here: $CRB, ABX, CAT, FCX, GF, GPC, MOT, OGE, PTR, SLE, SUN, WY
9. Trying to hold falling trendline support: AMAT, AVAV, BPOP, CAKE, MEOH, MSCC, WHR
10. Up against falling trendline resistance: $VIX
11. Up against the 65 day: GIS
12. Moderately overbought now: $BDI, HOGS, QID
13. Toppy here: HOGS
14. Anything posted here may be off base.

T.A. update for the open, August 24, 2010.

1. Yi: +1.7
2. Standard oversold: IP, IWM, UYG
3. Now moderately oversold: $PLAT, $XOI, CHK, MTH, NWL, PGM, RAIL, SNA, TIE, TOT, V, VFC
4. Trying to hold some rising trendline support here: $CRB, $GOLD, $PLAT, $XAU, ACH, C, GG, JASO, PG, PTEN, RGLD, RJI, SDTH, SU, TOT
5. Attempting to hold the 65 day moving average: $DJW, RJI, WOR
6. Attempting to hold the 28 day: CNK, MBI, T
7. Trying to hold falling trendline support at this point: BBT, LMT, MSFT
8. Up against falling trendline resistance: $BDI-weekly
9. Moderately overbought now: $IIX
10. A break out in either direction is on the way for: CSIQ, EEFT, PBY
11. Anything posted here may be off base.

Unions

(This is from a note to one of my Facebook friends who was putting down union pensions.)
I have not studied this S**, so are you saying this is totally the fault of the unions, and management had nothing to do with it?
For those who do not know, just let me remind you that it is because of UNIONS not management, that a lot of us have or are supposed to have a 40 hour work week, and two days off on the weekend instead of one. Management in this country has traditionally done almost NOTHING out of the goodness of their hearts, and most benefits that many people take for granted today had to be fought over, sometimes to the point of death and putting people in jail! So this "anti-union" stuff is getting quite old now, especially since unionism in this country is at a low point, and we now need MORE good union jobs for the workers, not less. I have had both union and non-union jobs in my lifetime, and believe me, there is no comparison! Even a weak union is better than none unless you're the boss or one of their "pets". I say thank god for all the union workers who suffered greatly in the past, so more people could have better working conditions today.

T.A. update for the open, August 23, 2010.

1. Yi: +1.9
2. Trying to bottom out in this area: DM
3. Standard oversold: B, GLW, HPQ
4. Moderately oversold: $OEX, $SPX, ARM, AXP, BA, COGO, COST, ENER, GE, GOOG, LUFK, MEOH
5. Trying to hold some rising trendline support: $WTIC, $XAU, ABX, CNK, DELL, EWJ, FXI, GDX, GPC, JASO
6. Attempting to hold the 65 DMA here: $DJW-weekly, DVY, EWA, EWI
7. Attempting to hold the 28 day: CAT and HOGS
8. Trying to hold falling trendline support: $SPX, AMSC, B, CBZ, FRO, GMR, LUFK
9. Up against falling trendline resistance: IRF
10. Up against the 65 DMA here: $VIX
11. Standard overbought: IFN
12. Toppy here: $GOLD
13. A break out in either direction is on the way for: JOSB
14. Anything posted here may be off base.

T.A. update for the open, August 20, 2010.

1. Yi: +2.1
2. Moderately oversold: $WTIC
3. Trying to hold some rising trendline support: $DJW, AA, ARM, AVP, BA, CNK, EWA
4. Attempting to hold the 65 DMA here: $DJA and $XOI
5. Attempting to hold the 28 day: BLL
6. Now trying to hold falling trendline support: $SPX, BAC, CHK
7. Up against some falling trendline resistance: ACH and CSIQ
8. Toppy here: ABX, ASA, EGO
9. Anything posted here may be off base.

T.A. update for the open, August 19, 2010.

1. Yi: +3.04
2. Standard oversold: B and UGA
3. Now trying to hold rising trendline support: PEP, PHI, VOD
4. Attempting to hold the 28 DMA here: $USD
5. Up against some falling trendline resistance: $HGX, AMSC, CAKE, CSL, JOSB, LOW
6. Up against the 65 day: $BDI, $PLAT, A, AA, ACAS, AVAV, ENER, MTH, PEG, PG, PGM, SDTH
7. Moderately overbought now: $XAU, GDX, GG, MKC, NEM, RGLD, SLE, SLW, SSRI, X
8. Standard overbought: AEM, EGO, UGP
9. Toppy here: CLF, IFN, PX, SHI, SLW, T
10. A break out in either direction is on the way for: C, CNK, DPS, MBI
11. Anything posted here may be off base.

T.A. update for the open, August 18, 2010.

1. Yi: +2.97
2. A possible bottom here for: $GASO
3. Now trying to bottom out:b FUQI and KGC
4. Trying to hold the 65 DMA here: F and KFT
5. Now trying to hold falling trendline support: C
6. Up against rising trendline resistance: IFN
7. Up against falling trendline resistance: ACAS, AMAT, ARM, CAKE
8. Moderately overbought now: $GOLD, ASA, BMY, CAT, CLF
9. Toppy here: AEM
10. Anything posted here may be off base.

T.A. update for the open, August 17, 2010.

1. Yi: +2.3
2. A possible bottom here for: DM
3. Trying to bottom out in this area: $OEX, $SPX, $WTIC, $XOI, AA, AXP, CAKE, CHK, EEFT, GLW, LEN, LMT, MSCC
4. Moderately oversold now: $DJX and GLW
5. Trying to hold rising trendline support: ELN
6. Attempting to hold the 65 DMA here: $IIX
7. Up against rising trendline resistance: SHI
8. Up against falling trendline resistance: ACH, AEM, AVAV
9. Up against the 65 day: $BDI and RGLD
10. Moderately overbought: ABX, GLD, PHI
11. Anything posted here may be off base.

T.A. update for the open, August 16, 2010.

1. Yi: +2.3
2. Now trying to bottom out in this area: $GASO, $HGX, $PLAT, B, BPZ, C, CBK, CBZ, DELL, MFE, MTH, NOK, SKS, SSO, SSRI, WHR, XLF
3. Oversold: $GASO, TLB, USD, WHR
4. Moderately oversold: $HGX, $WTIC, AVAV, B, CSIQ, ELN, GE, NOK, PLL, PTR, ROK, SHLD, SKS, SSO, SU, UGA, URE, UYG, WATG, WFC, XLF
5. Now trying to hold some rising trendline support: FRO, IBM, SCHA, SWK, TSL, TSM, VFC, XOP
6. Attempting to hold the 65 DMA here: $DJW, $WTIC, FSLR, TSM, URE, WOR, X, YGE
7. Attempting to hold the 28 day: SUN, TSL
8. Trying to hold falling trendline support: WSO
9. Up against falling trendline resistance: $BDI, ASA, SLV
10. Up against the 65 day: WFR
11. Moderately overbought here: QID
12. A break out in either direction is on the way for: ABX, GG, NEM
13. Anything posted here may be off base.

AIDS WARNING!

To all of you approaching 55 or have REACHED 55 and past, this is especially for you......... ....

SENIOR CITIZENS ARE THE NATION'S LEADING CARRIERS OF AIDS!

HEARING AIDS
BAND AIDS
GARDENING AIDS
WALKING AIDS
MEDICAL AIDS
GOVERNMENT AIDS
MOST OF ALL,
MONETARY AID TO THEIR KIDS!
Not forgetting HIV (Hair is Vanishing)
And
AIDS : Acute income deficiency syndrome

I'm only sending this to my 'old' friends.
I love to see them smile.
Give me the grace to read a joke,
To get some humour out of life,
And pass it on to other folk.
Cheers.

Midday update for August 13, 2010.

1. Yi: +2.52
2. Trying to bottom out in this area: AMAT, AMSC, BAC, BBT, CSL, DM, ENER, HCBK, IRF, IWM, KBE, LUFK, PAYX, RAIL
3. Standard oversold: AMAT, BAC, BBT, CBZ, CREE, CSCO, CSL, CTB, DELL, DM, GMR, HCBK, IRF, LMT, LPL
4. Moderately oversold: $GASO, $OEX, $PLAT, $SPX, A, AA, AAPL, ACAS, ACH, AMSC, ARM, BA, BPZ, C, CHK, COGO, COST, ELY, ENER, EXP, IWM, KBE, LUFK, MFE, MSCC, NOK, PAYX, PBW, PBY, PEG, PGM, QLD, QQQQ, RAIL, ROK
5. Trying to hold some rising trendline support: BMY, CBK, CLF, CSIQ, EWI, EWJ, GE, GF, KFT, KO, MBI, NTES, PG, PLL
6. Attempting to hold the 65 DMA here: $DJX, $XOI, AXP, DDM, DVY, EWA, FXI, GOOG, GPC, IBM, MEOH, NWL, PTEN
7. Attempting to hold the 28 day: $IIX, AVP, CAT, FSLR, GOOG, MMC, OGE, PEP, PLL
8. Trying to hold falling trendline support: B and CAKE
9. Up against the 28 DMA here: $USD
10. Up against some falling trendline resistance: GIS and LOW
11. Up against the 65 day: GLD and QID
12. Anything posted here may be off base.

T.A. update for the open, August 12, 2010.

1. Yi: +2.84
2. A possible bottom forming here for: WDC
3. Trying to bottom out in this area: LOW, OCR, STX
4. Oversold: CSL and OCR
5. Moderately oversold: FRO, LEN, LMT, LOW, USD, WSO
6. Trying to hold some rising trendline support: $IIX, A, ACAS, ACH, AXP, BPOP, COGO, CSCO, IDA, MEOH, PHI, SUN, TSL, WFC
7. Attempting to hold the 65 DMA here: $GASO, BA, EEFT, JASO, NAT, YUII
8. Attempting to hold the 28 day: $GOLD and FUQI
9. Trying to hold falling trendline support: BAC and CSL
10. Up against some falling trendline resistance here: $VIX
11. Toppy here: MBI and T
12. Anything posted here may be off base.

T.A. update for the open, August 11, 2010.

1. Yi: +4.44 (Warning flags are flying now.)
2. Extremely oversold now: STX and WDC
3. Now trying to hold some rising trendline support: $CRB, $WTIC, IWM, KBE, LEN, MKC, MMC, MOT, NM, NOK, OGE, PEP, RJI, SDTH, SEED, SHI, TOT, UGA, WATG, X, XLU
4. Attempting to hold the 65 DMA here: TIE and TSM
5. Attempting to hold the 28 day: PGM and YUII
6. Up against falling trendline resistance: $USD
7. Up against the 65 DMA: V
8. Moderately overbought: FUQI
9. Toppy here: $IIX, CAT, QCOM
10. A possible top here for: MBI
11. A break out in either direction is on the way for: AAPL and FSLR
12. Anything posted here may be off base.

Just before the close, August 10, 2010.

1. Yi: +4.79 (Under normal conditions, the market would be in a topping phase here.)
2. A possible bottom here for: $VIX
3. Moderately oversold: CTB
4. Trying to hold some rising trendline support: $DJW, $DJX, AA, DDM
5. Trying to hold falling trendline support: AMAT
6. Moderately overbought: ELN and ENER
7. Overbought: $IIX and BMY
8. Toppy here: $NYA50R-weekly
9. Anything posted here may be off base.

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

1. Yi: +4.52
2. A possible bottom here for: CSL
3. Trying to bottom out here: GIS, LEN, PAYX, TLB
4. Oversold: CBZ
5. Moderately oversold: DM, RAIL, USB
6. Now trying to hold some rising trendline support: $DJX, $OEX, $SPX, AVP, GLW, LUFK, MSCC, PLL, SU, SWK
7. Attempting to hold the 65 DMA here: $PLAT and XLF
8. Attempting to hold the 28 day: AXP
9. Up against rising trendline resistance: PHI
10. Up against some falling trendline resistance here: A
11. Up against the 65 DMA: $GOLD, GDX, GLD, NEM
12. Moderately overbought now: $XAU, ABX, AEM, COGO, CSIQ, EGO, GDX, GLD, KFT, NAT, RGLD, SEED, SLW
13. Toppy here: $XOI, BMY, CNK, SLW
14. A break out in either direction is on the way for: BBT, EXP, F, GE, PBW
15. Anything posted here may be off base.

T.A. update for the open, August 6, 2010.

1. Yi: +4.73
2. A possible bottom here for: BBT
3. Trying to bottom out in this area: QID
4. Oversold: OCR
5. Moderately oversold: LEN, MTH, PAYX, PEG, TLB, TSLA
6. Now trying to hold some rising trendline support: ACH, AXP, BA, EWJ, EXP, FXI, KO, OGE, PGM, PTEN, T, TIE, V
7. Attempting to hold the 65 DMA here: AMSC, CTB, MFE, NOK, PEG, UYG
8. Attempting to hold the 28 day: $HGX
9. Now trying to hold some falling trendline support: CSL and OCR
10. Up against the 65 day: $XAU, AEM, CHK, ELN
11. Moderately overbought now: $SPX, ACAS, CSCO, GOOG, ROK
12. Overbought: $IIX
13. Toppy here: GOOG, NTES, PHI, RJI, TKR, TOT, WOR
14. A possible top here for: $CRB and HOGS
15. A break out in either direction is on the way for: ENER
16. Anything posted here may be off base.

T.A. update for the open, August 5, 2010.

1. Yi: +4.87
2. Now trying to bottom out: GMR and STX
3. Trying to hold some rising trendline support: BPOP, EWJ, LOW, PTR, UYG
4. Attempting to hold the 28 DMA here: B, FUQI, TLB
5. Up against rising trendline resistance: COST
6. Up against the 28 day: $GOLD
7. Up against some falling trendline resistance: ELN and SKS
8. Up against the 65 DMA here: ABX and CNK
9. Moderately overbought now: BA, CREE, MOT, NWL, SLW, WOR, WY, X, XOP
10. Overbought: IFN, NTES, SHI, SUN, UGP
11. Toppy here: $NYA50R, $WTIC, PHI, SU, SUN, T, UGP
12. Going parabolic: RJA
13. A break out in either direction is on the way for: C, CBK, DELL, IRF, QCOM, RAIL
14. Anything posted here may be off base.

T.A. update for the open, August 4, 2010.

1. Yi: +4.58
2. Trying to bottom out in this area: QID, WDC, WFR
3. Oversold: $USD and WFR
4. Moderately oversold: AVAV, GIS, KGC
5. Trying to hold some rising trendline support: $HGX and SEED
6. Attempting to hold the 65 DMA here: FSLR
7. Trying to hold falling trendline support: USD
8. Up against rising trendline resistance: EWI and GG
9. Up against the 28 DMA here: GLD
10. Up against falling trendline resistance: $GOLD, $XAU, ASA, GDX, IBM, RAIL
11. Up against the 65 day: COST, ELY, ENER
12. Moderately overbought now: $GASO, $IIX, $OEX, $SPX, AA, BPZ, GE, LDK, QLD, QQQQ, SU, SWK, SYY, TSLA, UGA, UYG, XLF, YUII
13. Overbought: $DJX, $NYA50R-weekly, $WTIC, PTR, RJA, RJZ, T, TOT
14. Toppy here: $CRB and IFN
15. A break out in either direction is on the way for: ACAS, PAYX, SDTH, WATG
16. Anything posted here may be off base.

T.A. update for the open, August 3, 2010.

1. Yi: +4.85 (We are starting to get overbought in the stock market again.)
2. Now trying to bottom out: BBT
3. Moderately oversold now: AMAT
4. Trying to hold some rising trendline support: JOSB
5. Attempting to hold the 28 DMA here: $GOLD-weekly
6. Trying to hold falling trendline support: $VIX
7. Now up against some rising trendline resistance: $SPX, ACH, BA, BBT, DDM, NOK, PLL
8. Up against falling trendline resistance: $GOLD
9. Up against the 65 DMA here: BPZ and KBE
10. Moderately overbought now: B, BGS, EWA, EWJ, GLW, GPC, IBM, IFN, LUFK, MBI, MEOH, MFE, MMC, NM, PGM, PHI
11. Overbought: $CRB, $NYA50R-weekly, ARM, AVP, CAT, CLF, EWI, FCX, FXI, GF, KO
12. Toppy here: HOGS
13. A break out in either direction is on the way for: PBW
14. Anything posted here may be off base.

T.A. update for the open, August 2, 2010.

1. Yi: +3.55
2. A possible bottom here for: CSL
3. Trying to bottom out: GIS
4. Oversold: AMAT
5. Moderately oversold: A, BBT, CAKE, FSLR, GMR, MOT, OCR
6. Trying to hold some rising trendline support: $IIX, $OEX, $XOI, AA, ACAS, C, CHK, CSCO, DDM, DM, ENER, IDA, IRF, LDK, MMC, NWL, PBY. PLL, QLD, SCHG
7. Attempting to hold the 65 DMA here: $SPX, CREE, CSIQ, DVY, PEG
8. Attempting to hold the 28 day: $GOLD-weekly, CNK, PG
9. Up against some falling trendline resistance: $VIX, $XAU, ABX, GG
10. Up against the 65 day: BPOP and RAIL
11. Moderately overbought: AVP
12. Toppy here: PTEN
13. Anything posted here may be off base.