- YI: +0.5
- Trying to bottom out: AMN, BBBY, BMS, BPOP, the BTK index, ELN, EMC, EWP, GM, GNSS, GRZ, the IIX index, IYR, PHG, RNR, SCHW, SEE, SU, WHR, and WTS
- Extremely oversold: FBR and SBUX
- Standard oversold: SFY and SYY
- Moderately oversold: ARM, BKS, CAKE, CREE, ERF, JWN, MCD, MCRS, MMC, OXY, RIG, VZ, and the XNG index.
- Trying to hold some rising trend line support: CPB, NST, PDE, RI, and SNA
- Trying to hold falling trend line support: CBK
- Attempting to hold the 28 DMA here: BAA, ENR, FXE, IRF, MRVL, PCU, PNRA, SNE, SUN, and XLU
- Trying to break above some rising trend line resistance: ABX, ACF, ASA, BAC, DO, GE, GLD, GLW, HMC, IFN, KO, MOT, NSC, OGE, RIG, TSM, TSS, and XLP
- 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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