Signals: Based on EOD Dec. 28, 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.

Friday, December 28, 2007

Based on EOD Dec. 28, 2007.

YI: +0.5
Moderately oversold: STX
Trying to hold some rising trend line support: EJ, ENER, HMC, LOW, and PEP
Trying to hold falling trend line support: BAC, C, OCR, and WPL
Attempting to hold the 28 DMA here: ALEX and FBR
Trying to break above some falling trend line resistance: ASA
Attempting to break above the 28 DMA here: NSC
Moderately overbought now: ABX, CREE, GG, RGLD, TOT, TTH, WTS, and XSLV
Standard overbought: GLD, T, and the XOI index.
Toppy here: HIT and UN
A break out in either direction is on the way for: OGE
Anything here may be off base.

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