- YI: -1.5
- Standard oversold: LUFK
- Trying to hold some rising trend line support: ALD, GIS, KO, RGLD, and X
- Trying to hold falling trend line support: BA, CSTR, and WSO
- TTBAFTLR: CDE, DRG, GGB, MDC, T2118
- Attempting to break above the 28 DMA here: The BKX index, MDC, and TOL
- Up against rising trend line resistance: ELY and XMSR
- Moderately overbought now: AXP and EXP
- Toppy here: GLW, HIT, IFN, and PEP
- 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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