- YI: +2.5
- Moderately oversold now: PNRA
- Trying to hold some falling trend line support: AAUK
- Trying to hold falling trend line support: CPB
- Attempting to hold the 28 DMA here: BGF and SFY
- To a hold for now: BLG
- Trying to break above some falling trend line resistance: AMAT, BA, BAA, CREE, CY, ERIC, IFN, MDT, MTH, NFI, QLGC, and TSS
- Attempting to break above the 28 DMA here: AEM, CSCO, JNJ, and NEM
- Now up against some rising trend line resistance: DO, PDE, RDC, and TMO
- Moderately overbought now: ACAS, AU, ELN, ENR, GG, NG, the OEX index, TIE, and the XCI index.
- Standard overbought: MHMY, IYM, KO, MSCC, THQI, and the XAU index.
- Extremely overbought now: GT and RIO
- A possible top may be forming in this area for: ALEX
- Toppy here: AMZN, ASA, GGB, PHI, and RGA
- A break out in either direction is on the way for: ACF, AIG, ALD, C, ERF, and EWJ
- 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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