- YI: +4
- Trying to bottom out: KEY, MTU, RADN, and TZOO
- Moderately oversold: CLG
- Trying to hold some rising trend line support: CSL, ERS, GFI, HMN, IYR, RNR, RYL, SYY, UGP, and the XOI index.
- Attempting to hold the 28 DMA here: ALEX, BHP, ERIC, FCX, NSC, TTH, WDC, and X
- Trying to break above some falling trend line resistance: CDE and HPQ
- Attempting to break above the 28 DMA: NVLS and STMP
- Moderately overbought: PMCS
- Standard overbought: ACAS, BHI, FTO, JNPR, PLT, and RDC
- Extremely overbought: CY, EON, and RIG
- A possible top may be forming in this area for: DJ-30
- Toppy here: AIG and NOK
- A break out in either direction is on the way for: KEA
- 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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