- Trying to bottom out: ALC, APPB, AU, BAC, and MER
- Moderately oversold: BKS, the BKX index, the DJ-30, ELY, GYMB, JPM, SCHW, SHI, and THQI
- Trying to hold some rising trend line support: AA, ABX, ACF, AEM, EWQ, GR, PHI, USA, and WTS
- Trying to hold falling trend line support: AVP, the BTK index, KEY, and TIE
- Attempting to hold the 28 DMA: BHI, FCX, RHT, WHR, and the XOI index.
- To a hold: FXY
- Trying to break above some falling trend line resistance: EWP, FXY, GIS, MCRS, NST, and OGE
- Standard overbought: FDP
- A break out in either direction is on the way for: ALD and BGF
- 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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