- YI: +2
- Trying to bottom out: WDC
- Standard oversold: VNT
- Trying to hold some rising trend line support: CDE, ENR, GPC, HPQ, the IIX index, JOSB, NWL, the OEX index, TIE, TTH, XLK, and XLP
- Attempting to hold the 28 DMA here: NG and PTR
- To a hold for now: INTU
- Trying to break above some falling trend line support: C, DJ, JNJ, RYL, the VXO, and WON
- Attempting to break above the 28 DMA here: ACF and INTU
- Now up against some rising trend line resistance: AMAT
- Moderately overbought now: BHI, CREE, the DRG index, ERIC, IWM, JPM, SWC, and WTS
- Standard overbought: CHK, EWG, GLW, MCD, MTU, PHG, SGP, and WHR
- Extremely overbought: XLE and the XNG index.
- A possible top may be forming in this area for: ASA, EWI, FCX, FTO, MRK, and PBY
- Toppy here: EWD, EWP, SNE, SUN, and the XOI index.
- To a sell: BHP
- 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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