- YI: +4
- Trying to bottom out here: FXY
- Moderately oversold now: ALEX, LMT, and SKS
- Trying to hold some rising trend line support: GNSS, KO, PEG, PLT, and RGA
- Trying to hold falling trend line support: NTES
- Attempting to hold the 28 DMA here: BKC, GM, TCK, TIE, and X
- To a hold for now: BLG and CORS
- Trying to break above some falling trend line resistance: AAUK, ACF, BGF, DJ, FBR, MTD, MU, NFI, RGLD, THQI, and TOL
- Attempting to break above the 28 DMA here: AEM, AMTD, ASA, BLG, EWJ, GYMB, HMY, RFMD, RT, and TLB
- Now up against some rising trend line resistance: AAPL, BPOP, FCX, IWM, and TYC
- Moderately overbought now: ACAS, CORS, ERS, EXP, GLW, JOSB, MDC, MDT, OMN, PXD, RHT, RYL, and SFY
- Standard overbought: CREE, HPQ, IFN, MEOH, MTU, SUN, and TSS
- Extremely overbought now: FRO and WNG
- A possible top may be forming here for: AMZN
- Toppy here: ADP, ALD, the IIX index, MFE, MFE, and MRK
- Anything 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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