Signals: S&O's based on the close of July 9, 2007.

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.

Tuesday, July 10, 2007

S&O's based on the close of July 9, 2007.

YI: +2.5
Trying to hold some rising trend line support: ENER and HIT
Trying to hold falling trend line support: CPB
Trying to break above some falling trend line resistance: BHI and CMC
Attempting to break above the 28 DMA here: GFI
Up against rising trend line resistance: FTO
Moderately overbought now: ACAS, ASA, AU, AVP, BMS, CDE, CLF, and EBAY
Standard overbought: BA and IBM
Extremely overbought: BVN
Going parabolic: BHP, BVN, CMI, COP, CY, EEM, FCX, and FRO
More later. Anything here may be off base.

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