- YI: +4.5
- Trying to bottom out here: CDE, GFI, NVLS, and TZOO
- Standard oversold: AU
- Moderately oversold: ASA, GM, HMY, and WB
- Trying to hold some rising trend line support: ABX, BAC, CAKE, ERIC, ERS, HPQ, KEP, PDA, UGP, XMSR, and YHOO
- Trying to hold falling trend line support: AEM, JNJ, and JWN
- Trying to break above horizontal trend line support: GT
- Trying to hold the 28 DMA here: EWU, IIT, MCD, MEOH, MRK, OMN, PDS, PTR, RADN, SHI, TSS, and USU
- Trying to break above some falling trend line resistance: AIG, ALC, CY, JPM, NLY, PG, PLT, SNDK, and WDC
- Attempting to break above the 28 DMA here: AVP and WTS
- Moderately overbought: LMT
- Extremely overbought: CTCI
- A break out in either direction is on the way for: CPB and SYY
- To no position for now: AAPL
- Anything 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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