- YI: 0
- Trying to bottom out: MRVL and TCK
- Standard oversold: ACH, DELL, and PLT
- Moderately oversold now: AIG, ASA, BHP, the BKX index, CBK, EXP, GGB, GT, IWM, PNRA, QCOM, RIO, and WOR
- Trying to hold some rising trend line support: ADP, EEFT, EWI, IRF, LUFK, MCD, and MEOH
- Trying to hold falling trend line support: ABX, AEM, AMAT, EWP, FTO, PDS, and XSLV
- Attempting to hold the 28 DMA here: BPOP, CAT, COPS, CPB, FCX, GLD, GLW, GOOG, NSM, and TASR
- Trying to break above some falling trend line resistance: LMT, OGE, SMTC, and SOLF
- Toppy here: BKC, KO, and PEP
- 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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