- YI: +2.5
- To a buy: BLG, BPOP, QLGC, and STMP
- Standard oversold: MEOH
- Moderately oversold: RFMD and WY
- Trying to break above some falling trend line resistance: AU, BAA, C, CTCI, DELL, EWC, JNPR, LYO, MTU, PTEN, PTR, SMTC, and WOR
- Attempting to break above the 28 DMA here: AIG, BHI, OCR, SYMC, and SYY
- Moderately overbought now: DVY, EWG, RDC, RI, and THQI
- 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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