Six Income Stocks from DailyBuySellAdvisor for 12.23.2007

3M - MMM

Monthly chart consolidation/range.

PROCTOR & GAMBLE - PG

Monthly chart shows uptrend in place. No sell signal/pattern evident at this time.

JOHNSON &JOHNSON - JNJ

Monthly chart shows stock testing the all time high at $70. Move up looks corrective in nature.

DUKE ENERGY - DUKE
- a utility company with a yield of 4.2 percent

Monthly chart shows an uptrend in place. Price is currently re-testing the prior high of $21.30, andis currently above all key moving averages.

Weekly chart better shows the test of prior high, with current resistance at the .886 fib level.

Daily chart shows an abc 3 wave pattern into .886 fib resistance. Uptrend in place remains intact. IF that uptrend line is broken, THEN look for $18.40 support area as first downside target.

SOUTHERN COMPANY - SO
- a utility company with a yield of 4.1 percent

Monthly chart shows uptrend is in place and remains intact.

TEPPCO PARTNERS, L.P. - TPP
- a limited partnership (U.S. equivalent of an income trust) whas has a dividend yield of 7.0 percent.

Monthly chart shows 5 waves up into $46.34 high which looks corrective in nature. Uptrend line which has been in place since July 2002 has now been breached. December 2007 has been met with selling thus far. IF we have 5 waves up, THEN look for an abc 3 wave correction of the 5 wave range -- downside target being $28.30 area.


Weekly chart shows a bear flag formation in place. Price is currently below all key moving averages. Next downside target is $36 area.


Daily chart shows more clearly the consolidation pattern being traced.