- Trying to bottom out: NFI and YHOO
- Moderately oversold: RFMD
- Trying to hold some rising trend line support: SNDK
- Trying to break above falling trend line resistance: MTU, OGE, PDS, TOL, TXU, WB, WMB, WTS, and the XNG index.
- Attempting to break above the 28 DMA: MTD, NEM, NLY, NWL, SGP, TIE, X, and XLP
- Up against rising trend line resistance: PCU and PDE
- Moderately overbought: NTES, PLL, RIO, TTH, and WPL
- Standard overbought: PEG, PLT, RDC, and TLB
- Toppy: OXY, PCU, and PHG
- 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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