- YI: +1.5
- Trying to bottom out here: BAC, BGF, C, CSL, GM, KEY, NWL, SVU, and WIRE
- Standard oversold: ALD, BA, MRVL, and TSU
- Moderately oversold now: AXP, FXY, NYB, PTR, and WB
- Trying to hold some rising trend line support: AA, ERIC, FCX, GG, GOOG, GT, IFN, JCP, JWN, MSCC, NOK, NSM, OGE, PBY, QLGC, STMP, STP, TOL, TSM, and WPL
- Trying to hold falling trend line support: ACAS, the BKX index, DELL, DFG, EWJ, LOW, MER, RGLD, and XLF
- Attempting to hold the 28 DMA here: EWP, HIT, IRF, KFT, KMX, MMC, NTES, PAYX, QQQQ, RNR, TKR, UN, and WTS
- Trying to break above some falling trend line resistance: HON, MPG, and XPLT
- Attempting to break above the 28 DMA here: MFE and the VXO
- Moderately overbought now: AMTD
- Standard overbought: ENER
- Possible top here for: T2118
- Toppy here: T
- 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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