- YI: +5
- A possible bottom may be forming in this area for: NEM, OCR, and RHT
- Trying to bottom out now: AMD, CBK, FBR, GG, LSI, NTES, and RMBS
- Moderately oversold: INTU, KMX, SLV, and TLB
- Trying to hold some rising trend line support: CY, FXE, HIT, the IIX index, JCP, SNDK, TIE, and TSS
- Trying to hold falling trend line support: ERS and SIFY
- Attempting to hold the 28 DMA here: AA, EBAY, MSCC, PCU, and PLT
- Attempting to hold the 50 DMA here: gold
- Trying to break above some falling trend line resiustance: AEM, CBK, EWJ, KEY, MTU, RADN, SLE, STMP, and THQI
- Now up against some rising trend line resistance: ALEX and Q
- Moderately overbought: TASR and the XAU hourly.
- Standard overbought: ADP, EON, and HPQ
- Extremely overbought: DJ, FDP, and FRO
- Toppy here: GR, IBM, and PDA
- To no position for now: NFI
- 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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