- YI: -2
- Trying to bottom out here: MOT, MSCC, and PBY
- Moderately oversold now: AVP, NAT, and QCOM
- Trying to hold some rising trend line support: AA, AAPL, AMAT, AVP, BHP, CDE, HIT, LMT, MFE, PG, PHG, PHI, ROK, and STX
- Trying to hold falling trend line support: AIG, OCR, and TZOO
- Attempting to hold the 28 DMA here: SPC and SVU
- Trying to break above some falling trend line resistance: AEM, BKC, JCP, and JOSB
- Attempting to break above the 28 DMA here: JOSB and RYL
- Up against rising trend line resistance: NST
- Moderately overbought: SKS
- Standard overbought: XLU
- Toppy here: MCD
- A break out in either direction is on the way for: AMTD
- 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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