- YI: +1
- Trying to bottom out: C, KMX, NTES, SPC, and STMP
- Standard oversold: BHI, WHR, and XMSR
- Moderately oversold: BAA, the DRG index, F, IRF, SGP, and SNA
- Trying to hold some rising trend line support: MRK, RFMD, and VZ
- Trying to hold falling trend line support: MTU
- Trying to break above some falling trend line resistance: ALD, BKS, BPOP, CFC, CHC, CSCO, CTCI, EWD, EWQ, FRO, GG, GGB, GNSS, IYR, JOSB, KEA, MMC, MRVL, MTH, PCU, RIG, RYL, SCHW, SWC, TXU, TYC, and XLF
- Attempting to break above the 28 DMA here: GYMB
- Now up against some rising trend line resistance: PD
- Moderately overbought: PDA, SNDK, and SUN
- Standard overbought: FXE
- A break out in either direction is on the way for: CHK, LSS, OMN, and PDE
- 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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