- Possible bottom for: SBUX
- Trying to bottom out: PDS, PTEN, and TZOO
- Standard oversold: TYC
- Moderately oversold: SUN
- Trying to hold some rising trend line support: NOK, OCR, OMN, PDA, REDF, RIG, RIO, TOL, USU, and X
- Trying to hold falling trend line support: NWL, RGA, and SHI
- Attempting to hold the 28 DMA: NSM, PDE, UGP, SLE, and WOR
- Trying to break above some falling trend line resistance: SLV
- Moderately overbought: NVLS
- 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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