- Possible bottom here for: NFI
- Extremely oversold: RMBS and WB
- Standard oversold: SUN, USU, and YHOO
- Moderately oversold: QCOM, the VXO, and WHR
- Trying to hold some rising trend line support: GR, HMC, IWM, KGC, MRVL, MSCC, MU, NOK, PRAA, QLGC, SGP, TIE, TMO, USA, and WTS
- Trying to hold falling trend line support: JNJ, MDC, SVU, THQI, TLB, and TZOO
- Attempting to hold the 28 DMA: SMH, TASR, and TKR
- Standard overbought: LMT
- To a sell: PCU
- A break out in either direction is on the way for: TTH
- 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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