- YI: +1.5
- Possible bottom here: HIT
- Trying to bottom out: BGF
- Moderately oversold: CBK
- Trying to hold some rising trend line support: GM, JOSB, RHT, SIFY, TCK, and THQI
- Trying to hold falling trend line support: LSI
- Attempting to hold the 28 DMA: DJ, and MCD
- Trying to break above falling trend line resistance: ASA, BMS, CDE, the DRG index, EWD, EWG, EWI, FXY, GRZ, KGZ, LMT, MRVL, NG, SVU, and X
- Attempting to break above the 28 DMA: FXY, IDU, MRK, and NEM
- Moderately overbought: AIG, MSCC, OGE, and WOR
- Standard overbought: DELL, SNDK, and TKR
- Toppy: EWC, F, and OXY
- More later. 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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