Signals & Opinions

YI: -2.5

Possible bottom here: TLK
Trying to bottom out now: EWG and IDC
Extremely oversold at this point: HMY
Oversold here: ASA, BGO, DELL, GFI, and NEM
Moderately oversold now: CSCO, EWQ, and PNRA
Trying to hold some rising trend line support: CREE, EWC, GE, MSFT, PLL, SEE, and SNA
Trying to hold some falling trend line support: FCX, GG, IWM, and VRTS
Trying to hold the 28 day moving average: ERICY
To hold for now: ABY, ANH, CSTR, JNPR, and TASR
Trying to break above some falling trend line resistance: AMN, EBAY, HIT, LSI, and QCOM
Trying to break above the 28 day moving average: BBBY, KEA, SBUX, and WY
Moderately overbought now: ENER and KO
Up against some rising trend line resistance here: TE
Break out in either direction on the way: ASIA
And as is always the case of course, anything posted here may be way off base.

Signals & Opinions

YI: -1.5

Possible bottom here: BPOP, HMY, PBY, and PETM
Trying to bottom out now: APPB, DJ, and SNDK
Extremely oversold here: SLR
Oversold here: UST and WOR
Moderately oversold now: NWL and SEE
Trying to hold some rising trend line support: AAPL, CBK, CY, EWD, June Heating Oil, HPQ, MCRS, RIG, and USU
Trying to hold some falling trend line support: AA, BBA, CGI, EWU, HUI index, KGC, MAT, MFE, NVLS, 4Q hourly, and X
Trying to hold the 28 day moving average: MRK and NTES
To no position for now: June Heating Oil
To hold for now: LYO, MSO, VRTS, and the XAU index.
Trying to break above some falling trend line resistance: CAKE, GM, IBM, MER, RMBS, T, TLK, and VZ
Trying to break above the 28 day moving average: MEX index, PHI, and PVN
Moderately overbought now: OGE
Overbought now: STMP
Break out in either direction on the way: ABS, ALTI, and YAKCE
Anything posted here may be way off base of course.

Signals & Opinions

YI: -2

Trying to bottom out now: XMSR
Oversold at this point: DYN, ELY, and WY
Trying to hold some rising trend line support: GOOG and JNJ
Trying to hold some falling trend line support: EBF, SATC, and TLK
Trying to hold the 28 day moving average: API
To no position for now: SFA
To hold for now: ALEX and F
Trying to break above some falling trend line resistance: AAPL, ACF, C, FCX, FLEX, KO, MER, NFI, and PER
Trying to break above the 28 day moving average: AC, ALEX, BCON, BKX index, CHK, LMT, N, PDE, PTR, and WGII
Moderately overbought now: BKS, BR, BTK index, EOG, HAL, OXY, PLT, SNA, and SO
Overbought now: OGE and SGDE
Up against some rising trend line resistance here: BA
Possible top here: GLW, SFA, SGP, and the UTY index.
Break out in either direction on the way: ABS, ALTI, AMCC, and MAY
Anything posted here may be way off base of course.

Signals & Opinions

YI: -1

To buy: ALTI, CSTR, FBR, LYO, PVN, and SBUX
Possible bottom here: PER and SCH
Trying to bottom out now: AMD, TLK, and the XAU hourly.
Oversold now: CAKE and ELY
Moderately oversold: APPB, SNDK, and THQI
Trying to hold some falling trend line support here: AU, CY, EBAY, GFI, and SFP
Trying to hold the 28 day moving average: CREE
To hold: GFI, HMY, and KLIC
Trying to break above some falling trend line resistance: API, DVY, F, PMCS, RAI, SLE, SYMC, VZ, and the XAU hourly.
Trying to break above the 28 day moving average: EWA, MRVL, PPG, RADN, and WB
Moderately overbought now: BHI, June Gold, JNPR, MOT, and YHOO
Overbought now: GOOG and NTES
Up against some rising trend line resistance: DUK
Possible top here: EMC and MBG
To sell: June Heating Oil
Break out in either direction on the way: AMAT, NSM, SMH, and WDC
And of course, anything posted here may be way off base.

Signals and opinions.

YI: -1.5

To buy: GM and RNR
Trying to bottom out: AA and MER
Extremely oversold now: SUNW
Oversold now: BBA
Moderately oversold now: ACF, CBK, and WOR
Trying to hold the 28 day moving average: CREE
To no position for now: 4Q hourly at 10 AM on Friday.
To hold now: ABS
Trying to break above some falling trend line resistance: EWA, OGE, WB, and YHOO
Trying to break above the 28 day moving average: ADP, ANH, CHINA, DO, ECA, GG, IIX index, INTU, IRF, NSM, PMCS, QCOM, RDC, STMP, SU, SUN, TMO, TQNT, TRF, USU, WMB, WTS, XNG index, and the XOI index.
Moderately overbought now: CMI and NOK
And as is always the case of course, anything posted here may be way off base.

What a difference a day makes!

YI: -1

To buy: KEA, LSI, MMC, 4Q at noon yesterday, SMTC, TASR, and VRTS
Possible bottom here: AMZN, DYN, FLEX, LMT, MU, PCL, SYMC, TYC, and VZ
Trying to bottom out now: AA, AHO, ELY, E-Mini 500, EWQ, HMC, IBM, PER, SUNW, and the YI.
Moderately oversold here: SLE
Trying to hold some rising trend line support: CBK, MDT, and WY
Trying to hold some falling trend line support: T
Trying to hold the 28 day moving average: JNJ and the VXO
Trying to break above some falling trend line resistance: ARM, BHI, CHINA, MEX index, MSFT, NVLS, 4Q, RADN, SEBL, SFY, and VIGN
Trying to break above the 28 day moving average: ANH, CAT, CDE, GR, INTC, JWN, RMBS, and STMP
Moderately overbought now: GLW, MBG, July Platinum, and RHB
Break out in either direction on the way: BFLY, C, CARS, ELN, and NFI
And of course, anything posted above may be way off base.

Obviously, we are still in the process of bottoming out at this point.

YI: -2

To buy: CAT
Possible bottom here: EBAY and MMC
Trying to bottom out now: DBLE, F, and PVN
Moderately oversold at this point: HPQ and JCP
Trying to hold some falling trend line support: AA and APPB
Trying to hold the 28 day moving average: CPB
To no position for now: XAU hourly.
Trying to break above some falling trend line resistance: BPOP, CMI, GG, HUI index, KGC, KLIC, LSI, MTF, PBY, PDG, PPG, QCOM, SFA, and SWC
Trying to break above the 28 day moving average: ACAS, AEM, BCON, ECA, EELN, LU, MSCC, MSO, NOK, SFY, SNA, SNDK, and TQNT
Moderately overbought now: EMC, LSS, and RGLD
Up against some rising trend line resistance: DUK, JOSB, and NTES
Possible top here: FTO
Break out in either direction on the way: TMO
Anything posted here may be way off base of course.

The market is trying its best to bottom out here.

YI: -1

To buy: ABY, ALEX, CHINA, KLIC, and LU
Possible bottom here: AAPL, CAKE, CAT, HIT, HMC, IIX index, MEX index, OEX index, PBI, PHI, and SSTI
Trying to bottom out here: CY, DJ-30, EWG, MAGS, MOT, NDX index, PDE, PLT, RADN, SCH, S&P-500, SPIR, TRF, VZ, WOR, XCI index, XLK, F, and XMSR
Extremely oversold now: CPN and F
Oversold now: CSTR, KEA, MMC, QCOM, and TYC
Moderately oversold now: AMD, CG, CSCO, EWI, EWQ, FDP, IDC, LMT, NFI, PVN, RNR, ROV, and TLK
Trying to hold some rising trend line support: CPB, DRG index, MO, MRK, and SGP
Trying to hold the 28 DMA: ASIA
Trying to break above some rising trend line resistance: AEM, ALTI, ARMF, BGO, DD, ELY, ENER, EWC, FLEX, GYMB, KMX, LYO, MFE, NLY, OXY, PER, PNRA, RIG, SMTC, SU, SVM, and X
Trying to break above the 28 day moving average: AU, JDSU, and PLUG
Moderately overbought: CREE
Anything posted here may beway off base of course.

Many stocks and indices are now oversold or moderately oversold.

YI: -2

To buy: GFI, HUI index, MSO, XAU hourly, and the XAU daily.
Possible bottom here: ALEX, BCON, BMS, FCX, GG, and X
Trying to bottom out now: AEM, AMZN, ASA, CAKE, CHK, DELL, EBAY, ECA, EMC, EWA, EWJ, June Gold, GYMB, HIT, IDA, IFX, INTC, KMX, MER, MRVL, MU, N, NOK, RAI, SMTC, SU, TZOO, USU, the XNG index, and XRX
Extremely oversold here: ARM, BGO, GM, IBM, and KLIC
Oversold now: AAPL, AMAT, AMCC, CAT, DD, DJ, DJ-30, E-MINI 500, EWC, FLEX, IIX index, KGC, MAT, NSC, QLGC, RFMD, SYMC, VRTS, and VIGN
Moderately oversold now: AA, ADP, AMN, BKX index, BR, CTXS, DBLE, DO, ENER, EOG, EWG, EWP, GR, HMC, INTU, IRF, IWM, MCD, MDC, NDX index, NSM, OEX index, PBI, PDE, PLT, PNRA, PPG, 4Q, RDC, RIG, SCH, SFY, SMH, SNE, S&P-500, SUN, TRF, VXO, VZ, WGII, WMB, WTS, WY, XCI index, XLK, and XMSR
Trying to hold some rising trend line support: ACAS, FTO, OXY, and SFP
Trying to hold horizontal trend line support: PCL
Trying to hold some falling trend line support: AMN, BPOP, CGI, CMI, CPN, DVY, DYN, ELY, GPC, IYM, JNPR, MOT, PMCS, Q, ROV, and SFY
Trying to hold the 28 DMA: BA, BKS, CBK, GOOG, MAY, SEE, SKS, TXU, UTY index, WDC, and YCC
To hold for now: RMBS and SUNW
Trying to break above some falling trend line resistance: ABY, CDE, HMY, JDSU, and MSCC
Moderately overbought now: CCC
Overbought now: DRG index.
Anything posted here may beway off base of course.

Market now oversold but...

The market is now oversold, but I would like to see the YI (Yogi Index) touch the -4 or -5 area before backing up the 18 wheeler to load up on new long positions.
The gold stocks are also oversold and trying to bottom out here, so I will be looking to add new long positions there with stocks like AEM, PDG, RGLD, HMY, etc as soon as I get some bottoming out and buy signals.

YI: -2.5

To buy: HMY
Trying to bottom out: TQNT
Extremely oversold: TASR and TZOO
Oversold now: ASA, CDE, HUI index, PBY, PDG, SATC, SMTC, SPIR, SWC, XAU index, and XRX
Moderately oversold now: AU, DELL, EMC, GYMB, INTC, PHI, RGLD, STMP, and SU
Trying to hold some rising trend line support: BBBY, June Dollar, HAL, JCP, LSS, NTES, and PLUG
Trying to hold some falling trend line support: MTF, NTAP, NWL, SFA, SNA, SSTI, WB, and XMSR
Trying to hold the 28 DMA: BBBY
To hold: TSY
Up against some rising trend line resistance: JNJ
Possible top here: SGP
And as is always the case of course, anything here may be completely off base.

Stock market signals and technical analysis opinions.

These were the signals and opinions for today.

The "YI", or "Yogi Index", is my own proprietary overbought/oversold indicator for the stock market. Significant bottoms usually occur after a -4 or -5 reading, but sometimes the zero line can act as a significant support level.

YI: -1

To buy: RMBS
Trying to bottom out: ETS
Extremely oversold now: XAU hourly.
Oversold now: GFI and HMY
Moderately oversold now: CHK, ECA, NVLS, OSX index, PTR, USU, XNG index, and the XOI index.
Trying to hold some rising trend line support: AMTD, BHI, CSCO, ENR, MOT, SO, and WY
Trying to hold some falling trend line support: GM, IFX, and MMC
Trying to hold the 28 DMA: MCRS
To no position for now: MEX index.
To hold for now: MTF and SFA
Trying to break above some falling trend line resistance: CY, EWM, and HPQ
Trying to break above the 28 DMA: ABS
Moderately overbought now: BMY, ERICY, and YCC
Up against some rising trend line resistance: CCC and NTES
Possible top here: DRG index, MRK, and the UTY index.
Break out in either direction on the way: OGE and PNRA
Anything posted here may be way off base of course.