- To a buy: PNRA
- Possible bottom forming in this area for: TYC and YHOO
- Trying to bottom out: FTO, GIS, IDU, IWM, JCP, LOW, MER, MMC, NST, NTES, the OEX index, OGE, PBY, PTEN, SIFY, SKS, SLE, SUN, SVU, TSM, and XLF
- Extremely oversold: ERS and TZOO
- Standard oversold: JOSB, LSI, OCR, and RGA
- Moderately oversold: EWQ, FDP, FXC, GLW, the IIX index, INTU, MOT, PDE, PTR, SFY, SMH, TKR, WPL, WTS, XMSR, and the XNG index.
- Trying to hold some rising trend line support: EWI, GGB, GT, IYR, NWL, RIG, QQQQ, RDC, the S&P-500, SYMC, TTH, WHR, and X
- Trying to hold falling trend line support: GNSS, IDA, MOT, NVLS, REDF, SGP, SWC, and XLP
- Attempting to hold the 28 DMA: GE, RIG, and WDC
- Trying to break above some falling trend line resistance: EXP
- Moderately overbought: SNE
- To no position: FXY and PCU
- Anything here may be off base.
Tuesday, July 31, 2007
Here is the rest of the work based on the close of 7/30/07.
S&O's based on the July 30, 2007 close.
- YI: -3.5
- Possible bottom here for: BBBY
- Trying to bottom out: ACAS, BKC, BKS, BPOP, CHC, CLF, and EEFT
- Standard oversold: AIG, the DRG index, and DVY
- Moderately oversold: ADP, AMD, ASA, BAA, BMY, CAT, CPB, CREE, ELN, the E-Mini 500, and gold.
- Trying to hold some rising trend line support: AAUKD, the BTK index, CSCO, CSTR, DELL, the DJ-30, DO, ELY, and ENR
- Trying to hold falling trend line support: ALC and BHI
- Attempting to hold the 28 DMA here: BVN
- Trying to break above some falling trend line resistance: ALEX
- Attempting to break above the 28 DMA here: The dollar.
- More later. Anything here may be off base.
Monday, July 30, 2007
Made a typo on the YI, it should have read -4.5, not -2 for Friday's close.
So once again, the YI was a useful TA tool, indicating a possible short term bottom on Friday when it dipped to the -4.5 level, just one half a point from the bottom of its range. Sorry for the mistake, and I will now correct the YI number on the post made this morning.
The rest of the S&O's based on Friday's close.
- To a buy sig: CFC
- Trying to bottom out: C, JPM, LSI, LUFK, MTH, and SPC
- Standard oversold: CLF, ENR, GRZ, QLGC, RT, SHI, SLE, TOL, and X
- Moderately oversold: CHK, CMC, CORS, CSL, EEM, EON, EWA, EWC, EWD, EWG, EWJ, EWP, EWU, FRO, GF, GFI, IIT, IRF, KMX, MCRS, MCD, MTD, MU, NX, OMN, PEG, PHI, QCOM, RGLD, SLV, SVU, TCK, USA, WMB, and WY
- Trying to hold some rising trend line support: ERIC, EWD, EXP, GM, HMY, NG, OXY, PMCS, RIO, SMTC, STX, SWC, UGP, WDC, XMSR, and XPLT
- Trying to hold falling trend line support: KEP and WNG
- Attempting to hold the 28 DMA: DO, EMC, FXB, FXE, HPQ, and HPQ
- To a hold for now: NFI
- Attempting to break above the 28 DMA: FBR
- Up against rising trend line resistance: RADN
- Standard overbought: FXY
- A break out in either direction is on the way for: TMO
- Anything here could be off base.
S&O's based on the terrible July 27, 2007 close.
- YI: -4.5
- To a buy: AA
- Trying to bottom out: AMTD, BBBY, and the BKX index.
- Standard oversold: BMS
- Moderately oversold: AAUKD and ARM
- Trying to hold some rising trend line support: AMD, AU, and BVN
- Trying to hold falling trend line support: ASA
- Attempting to hold the 28 DMA here: ABX
- Attempting to break above the 28 DMA here: BLG
- More later. Anything here could be off base.
Saturday, July 28, 2007
Here are the rest of the S&O's basede on the July 26, 2007 close.
- Trying to bottom out: MDC and STMP
- Extremely oversold: MTH, RYL, and SFY
- Standard oversold: GT, JCP, JPM, LOW, PRAA, SPC, TICC, and XLF
- Moderately oversold: MDT, MOT, NOK, the OEX index, OGE, PDA, the S&P-500, and TXU
- Trying to hold some rising trend line support: HMC, the IIX index, IYM, JNJ, MER, NSM, PBY, PTR, QCOM, RGA, SLE, TKR, WDC, WMB, and XLE
- Trying to hold falling trend line support: gGRZ, GYMB, IYR, SHI, TOL, USU, and WOR
- Attempting to hold the 28 DMA: IFN, KGC, NEM, STP, and the XAU index.
- Trying to break above some falling trend line resistance: NLY and SYMC
- Anything here could be off base.
Friday, July 27, 2007
S&O's based on the July 26, 2007 close.
- YI: -2
- Trying to bottom out: F
- Extremely oversold: ACAS and BPOP
- Standard oversold: ACF, ALC, AMTD, BKC, C, ELY, EOG, and EXP
- Moderately oversold: ALD, CLF, EEFT, and ERF
- Trying to hold some rising trend line support: AA, ADP, ALEX, APPB, BMY, CSL, DVY, EWA, EWJ, and GLD
- Trying to hold falling trend line support: CBK
- Attempting to hold the 28 DMA here: AEM, AMN, AU, BHP, CY, FCX, and FXC
- Trying to break above some falling trend line resistance: The BTK index.
- Up against rising trend line resistance: AAPL
- Standard overbought: AMZN
- More later. Anything here may be off base.
Thursday, July 26, 2007
Here are the rest of the S&O's based on yesterday's close.
- Trying to bottom out: SWC and XLF
- Extremely oversold: RYL
- Standard oversold: SUN SYY, and WB
- Moderately oversold: The S&P-500 and STMP
- Trying to hold some rising trend line support: SFY, SLE, SVU, TICC, TLB, TXU, WNG, WOR, WTS, the XCI index, the XNG index, and the XOI index.
- Trying to hold falling trend line support: SHI, TOL, and WOR
- Attempting to hold the 28 DMA: SU, WMB, and XMSR
- Attempting to break above the 28 DMA: SNE
- Standard overbought: SNA
- Anything here may be off base.
S&O's based on the July 25, 2007 close.
- YI: +0.5 (It is amazing how many times the market bounces off the "YI zero level", and of course, it did so again yesterday. Having said that, I am still leaning towrad the bearish side longer term, at least until we get a much deeper YI oversold condition going, like -3, -4, or even some -5's in the mix.)
- To a buy: NFI and the XAU hourly at 3 PM yesterday.
- Trying to bottom out now: CBK, CFC, MER, and NST
- Extremely oversold: JWN
- Standard oversold: ACAS, ACF, the BKX index, MDC, and MTH
- Moderately oversold: ADP, APPB, the E-Mini 500, DVY, ELN, EWI, EWQ, GYMB, IWM, JNJ, LUFK, MEOH, NSM, NTES, and PDA
- Trying to hold some rising trend line support: AA, ARM, BMS, BVN, CAT, CLF, CSL, EOG, GF, GLD, GLW, IDU, IRF, JPM, NBR, NTES, the OEX index, OGE, PEG, PHG, Q, and the YI.
- Trying to hold falling trend line support: AIG, the DRG index, EON, EWD, FDP, KMX, LSI, MCD, PXD, and QLGC
- Attempting to hold the 28 DMA here: AMN, ASA, BGF, BMY, CDE, CMI, COP, CREE, CY, DELL, the DJ-30, EWC, FRO, GR, the IIX index, IYM, KEY, LRW, MCRS, MTU, NVLS, PDE, RADN, and ROK
- Trying to break above some falling trend line resistance: MTU and NEM
- Moderately overbought now: MRK
- Toppy here: KEP
- Going parabolic: BA
- A break out in either direction is on the way for: INTU
- More later. Anything here may be off base.
Wednesday, July 25, 2007
Here are the rest of the S&O's based on the July 24, 2007 close.
- Possible bottom here for: NFI
- Extremely oversold: RMBS and WB
- Standard oversold: SUN, USU, and YHOO
- Moderately oversold: QCOM, the VXO, and WHR
- Trying to hold some rising trend line support: GR, HMC, IWM, KGC, MRVL, MSCC, MU, NOK, PRAA, QLGC, SGP, TIE, TMO, USA, and WTS
- Trying to hold falling trend line support: JNJ, MDC, SVU, THQI, TLB, and TZOO
- Attempting to hold the 28 DMA: SMH, TASR, and TKR
- Standard overbought: LMT
- To a sell: PCU
- A break out in either direction is on the way for: TTH
- Anything here may be off base.
For EOD July 24, 2007.
- YI: 0
- Extremely oversold: CHC
- Standard oversold: BKS and BLG
- Trying to hold some rising trend line support: ASA, BA, CHK, EMC, and EWD
- Trying to hold falling trend line support: ALD and BBBY
- Attempting to hold the 28 DMA here: GGB
- More later. Anything here may be off base.
Tuesday, July 24, 2007
Rest of the S&O's for the July 23, 2007 close.
- To a buy: WON
- Trying to bottom out: PNRA and TZOO
- Extremely oversold: SPC
- Standard oversold: JOSB, MER, PBY, and PLL
- Moderately oversold: MMC, MTU, OCR, and TSM
- Trying to hold some rising trend line support: HMC, NX, OXY, QCOM, QLGC, SIFY, TLB, and TTH
- Trying to hold falling trend line support: NSM, TICC, WHR, X, and XLF
- Attempting to hold the 28 DMA: MFE, PHG, SGP, SMTC, and TLB
- Trying to break above some falling trend line resistance: HIT, LMT, and XSLV
- Attempting to break above the 28 DMA: NBR and RHT
- Moderately overbought: HMY
- Standard overbought: MRVL, OKE, PMCS, and XPLT
- Extremely overbought: RDC, RIG, TASR, WDC, and the XAU index.
- Anything here may be off base.
Based on EOD July 23, 2007.
- YI: +2.5
- Possible bottom for: CHC
- Trying to bottom out: ACF
- Standard oversold: CFC and ENER
- Moderately oversold: ACAS, AMTD, the BKX index, BMS, C, ELY, EXP, and GOOG
- Trying to hold some falling trend line support: AMAT, AMZN, EBAY, and EEFT
- Attempting to hold the 287 DMA here: ALEX, CMC, EWI, and FTO
- Trying to break above some falling trend line resistance: GRZ
- Up against rising trend line resistance: AAPL
- Moderately overbought: FXY
- Standard overbought: BAA
- Possible top here for: ABX, AEM, and BA
- Toppy: GG and GLD
- More later. Anything here mmay be off base.
Rest of the S&O's based on the close of July 20, 2007.
- Moderately oversold: JNJ
- Trying to hold some rising trend line support: GYMB, MEOH, PLL, SLE, SMH, SWC, and XLF
- Trying to hold falling trend line support: HIT, NFI, and WB
- Trying to break above some falling trend line resistance: IDA, RIG, and SKS
- Attempting to break above the 28 DMA: PTEN
- Moderately overbought: IDU and SBUX
- Standard overbought: GLD, KGC, NEM, and STX
- Extremely overbought: IBM, JNPR, and the XNG index.
- Possible top for: The XAU index.
- A break out in either direction is on the way for: INTU and OGE
- More later. Anything here could be off base.
Monday, July 23, 2007
For E.O.D. July 20, 2007.
- YI: +2
- Moderately oversold: DJ
- Trying to hold some rising trend line support: AVP, CAT, CPB, ELY, EWG, and F
- Trying to hold falling trend line support: AMTD
- Attempting to hold the 28 DMA here: AA and EBAY
- Trying to break above some falling trend line resistance: ERS
- Attempting to break above the 28 DMA here: AMZN and BBBY
- Standard overbought: ASA
- Extremely overbought: AEM
- Possible top here for: GG
- Toppy: FXE
- Going parabolic: FCX
- To no position for now: AAPL and CAT
- More later. Anything here may be off base.
Friday, July 20, 2007
S&O's based on the July 19, 2007 close.
- YI: +4
- Possible bottom here for: SHI
- Trying to bottom out now: BKS, CAKE, ERS, RYL, and WON
- Standard oversold: BPOP, CGI, NFI, and RGA
- Moderately oversold: F
- Trying to hold some rising trend line support: AA, ACAS, ALD, FDP, the IIX index, MDT, and PBY
- Trying to hold falling trend line support: ACF and JOSB
- Attempting to hold the 28 DMA here: The DRG index, GT, MDT, TSM, the VXO, and WOR
- Trying to break above some falling trend line resistance: CPB, GLD, JWN, and PDE
- Attempting to break above the 28 DMA here: PXD
- Up against rising trend line resistance: FCX, SLV, WMB, and WY
- Moderately overbought now: CHK and QLGC
- Standard overbought: ABX and AU
- Extremely overbought: FXB and SNDK
- Possible top here for: AMN and NX
- Toppy at this point: NSC and XMSR
- Going parabolic: QQQQ
- To no position for now: AA
- Anything here may be off base.
Here are the rest of the S&O's for the 7/18/07 close.
- Possible bottom for: SBUX
- Trying to bottom out: PDS, PTEN, and TZOO
- Standard oversold: TYC
- Moderately oversold: SUN
- Trying to hold some rising trend line support: NOK, OCR, OMN, PDA, REDF, RIG, RIO, TOL, USU, and X
- Trying to hold falling trend line support: NWL, RGA, and SHI
- Attempting to hold the 28 DMA: NSM, PDE, UGP, SLE, and WOR
- Trying to break above some falling trend line resistance: SLV
- Moderately overbought: NVLS
- Anything here may be off base.
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