- YI: 0
- Trying to hold some rising trend line support: BHI, BKC, ELN, ERF, GM, MSCC, and OXY
- Trying to hold falling trend line support: ABX, PHI, and QLGC
- Attempting to hold the 28 DMA here: KEA and TXU
- Trying to break above some falling trend line resistance: ALD, PDA, RHT, SNDK, and SUN
- Attempting to break above the 28 DMA here: BVN and GNSS
- Moderately overbought now: NVLS, PLT, and SVU
- Extremely overbought: PEG
- Anything posted here could 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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