- YI: -1
- Trying to bottom out now: ACAS, ELN, IRF, and NSM
- Moderately oversold: GLW
- Trying to hold some rising trend line support: MFE, NSC, and PEP
- Trying to hold falling trend line support: CREE and GF
- Attempting to hold the 28 DMA here: IDU, PG, and PHI
- Trying to break above some falling trend line resistance: ERIE, GE, MRVL, MSCC, NEM, RGLD, SNA, the S&P-500, and SUN
- Moderately overbought: RYL
- Toppy here: XPLT
- Anything here could 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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