- YI: -1
- Trying to bottom out: NSC, QLGC, and RADN
- Standard oversold: The DRG index, JNJ, and KEP
- Moderately oversold: AEM, AMZN, CLF, ELY, EWQ, EWU, GFI, GLD, GYMB, KGC, MTD, OCR, PMCS, RGLD, SIFY, SMTC, STMP, STX, SU, TIE, TSM, WMB, and XLP
- Trying to hold some rising trend line support: ADP, APPB, GPC, HMY, IYM, NSM, PLT, SMH, WB, WGII, XLB, and XMSR
- Trying to hold falling trend line support: ABX, AMD, and CDE
- Attempting to hold the 28 DMA here: LYO, MSCC, and YHOO
- 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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