- YI: +4
- Trying to bottom out: INTU
- Standard oversold: BAA
- Moderately oversold: BGF, CPB, CSCO, GG, HIT, and TSM
- Trying to hold some rising trend line support: AAUK, CSTR, EOG, F, the OEX index, PDA, RDC, RNR, SNE, the S&P-500, STP, SU, TXU, and WDC
- Trying to hold falling trend line support: MER and RFMD
- Attempting to hold the 28 DMA here: ELY, EWG, FTO, NFI, PXD, SPC, WNG, and YHOO
- Trying to break above some falling trend line resistance: LMT, PMCS, and SNDK
- Now up against some rising trend line resistance: PLL
- Moderately overbought: MU
- Standard overbought: SKS
- Extremely overbought: JOSB, RIO, and XLK
- Toppy here: BVN, NSM, PCU, Q, SHI, USU, and WHR
- To a sell: AAPL
- 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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