- YI: -1.5
- Trying to bottom out in this area: MPG and SVU
- Standard oversold now: MPG
- Moderately oversold: KMX and OCR
- Trying to hold some rising trend line support: ELN, FTO, GLD, and NEM
- Attempting to hold the 28 DMA here: ABX
- Trying to break above some falling trend line resistance: AAPL, BGF, CPB, CSL, EWU, NSM, PHI, the S&P-500, STX, and TSM
- Attempting to break above the 28 DMA here: EEM, GF, MKC, PEP, PG, RT, SGP, and the XOI index.
- Up against rising trend line resistance: BA and WHR
- Moderately overbought now: AAUK, FCX, MSCC, PNRA, and STX
- Standard overbought: AVP and PXD
- Toppy here: MCD, TSU, and VFC
- A break out in either direction is on the way for: TLB
- 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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