- To a buy: WON
- Trying to bottom out: PNRA and TZOO
- Extremely oversold: SPC
- Standard oversold: JOSB, MER, PBY, and PLL
- Moderately oversold: MMC, MTU, OCR, and TSM
- Trying to hold some rising trend line support: HMC, NX, OXY, QCOM, QLGC, SIFY, TLB, and TTH
- Trying to hold falling trend line support: NSM, TICC, WHR, X, and XLF
- Attempting to hold the 28 DMA: MFE, PHG, SGP, SMTC, and TLB
- Trying to break above some falling trend line resistance: HIT, LMT, and XSLV
- Attempting to break above the 28 DMA: NBR and RHT
- Moderately overbought: HMY
- Standard overbought: MRVL, OKE, PMCS, and XPLT
- Extremely overbought: RDC, RIG, TASR, WDC, and the XAU index.
- 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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