- Trying to bottom out: SWC and XLF
- Extremely oversold: RYL
- Standard oversold: SUN SYY, and WB
- Moderately oversold: The S&P-500 and STMP
- Trying to hold some rising trend line support: SFY, SLE, SVU, TICC, TLB, TXU, WNG, WOR, WTS, the XCI index, the XNG index, and the XOI index.
- Trying to hold falling trend line support: SHI, TOL, and WOR
- Attempting to hold the 28 DMA: SU, WMB, and XMSR
- Attempting to break above the 28 DMA: SNE
- Standard overbought: SNA
- 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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