- YI: +3
- To a buy: XMSR
- Trying to bottom out: CORS and MU
- Standard oversold: STX
- Moderately oversold: ARM, BPOP, GE, LSI, PNRA, and TASR
- Trying to hold some rising trend line support: BMS, the BTK index, EMC, GOOG, JCP, RHT, and RMBS
- Trying to hold falling trend line support: BLG
- Attempting to hold the 28 DMA here: CBK and HMN
- Trying to break above some falling trend line resistance: BAC, RYL, SPC, TOL, WTS, and the XAU index.
- Attempting to break above the 28 DMA here: ALD and AMTD
- Now up against some rising trend line resistance: BGF
- Moderately overbought: BKS, CSTR, CUP, MER, PDE, SHI, and SLV
- Standard overbought: GGB, MCD, SNE, SUN, TMO, XLB, XLK, and XLP
- Extremely overbought: FCX and XLU
- A possible top may be forming in this area for: USU
- To a sell: X
- A break out in either direction is on the way for: BKX
- Anything posted here may 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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