- YI: +1.5
- Trying to bottom out: PNRA
- Moderately oversold now: BGF and SLV
- Trying to hold some rising trend line support: AAPL, EMC, ERIC, GOOG, KO, Q, TTH, USU, and WY
- Trying to hold falling trend line support: IDA
- Attempting to hold the 28 DMA here: CLF and GYMB
- Trying yto break above some falling trend line resistance: GM and IIT
- Moderately overbought here: SNDK
- Standard overbought: JOSB, TASR, and WDC
- Toppy here: BHP
- To no position for now: AAPL
- 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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