Moderately oversold: PCU
Trying to hold some rising trend line support: KGC
Attempting to hold the 28 day moving average: NEM, PHI, and the XAU index.
Trying to break above some falling trend line resistance: KO and NFI
Attempting to break above the 28 day moving average: MTU, MU, RFMD, RI, and WGII
Up against some rising trend line resistance: MCRS, MER, MRVL, the OEX index, PDE, and XLE
Moderately overbought: MSCC, SMH, SMTC, and THQI
Standard overbought: LMT, NVLS, and PMCS
Extremely overbought: QQQQ
Possible top here: PEG and TYC
Looking toppy: The XCI index.
A break out in either direction is on the way for: SNE
Anything posted here may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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