- YI: +1
- Trying to bottom out: INTU
- Standard oversold: DJ
- Moderately oversold: PG and RGA
- Trying to hold some rising trend line support: WY
- Trying to hold falling trend line support: NEM
- Attempting to hold the 28 DMA here: VNT and the VXO
- Trying to break above some falling trend line resistance: APPB, CMI, the DJ30, ERIC, EXP, IDA, MCRS, RI, RIO, SEE, SLV, SNA, TLB, and TXU
- Attempting to break above the 28 DMA here: AAUK, ELY, EWA, EWP, EWQ, EWU, F, GGB, HMN, JCP, NOK, NSC, PHG, RMBS, SGP, TMO, TSS, and TTH
- Now up against some rising trend line resistance: ASA, CSCO, KMX, PDE, RIG, SU, and TKR
- Moderately overbought: ACAS, CLF, CY, FTO, PCU, PD, TIE, and USU
- A possible top may be forming in this area for: FDP
- To a sell: GT
- 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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