- YI: -1.5
- Possible bottom here for: CBK
- Trying to bottom out: TASR and TCK
- Extremely oversold: TZOO
- Standard oversold: TSM
- Moderately oversold now: CY, FCX, FRO, FXC, NOK, and T
- Trying to hold some rising trend line support: SOLF
- Attempting to break above the 28 DMA here: STP
- Trying to hold falling trend line support: AMD, ERIC, and IYM
- Trying to break above some falling trend line resistance: ALD, EWA, FBR, FTO, and GIS
- Toppy here: KO, PEG, PEP, and XLU
- A break out in either direction is on the way for: NTES
- 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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