- YI: -2.5
- Trying to bottom out in this area: EBAY
- Standard oversold: TTH
- Moderately oversold now: MSCC
- Trying to hold some rising trend line support: BA, NLY, OKE, and RT
- Trying to hold falling trend line support: UN
- Trying to break above some falling trend line resistance: AIG, LEN, NSM, and TCK
- Attempting to break above the 28 DMA here: AMD and OGE
- Up against rising trend line resistance: JCP and PDS
- Moderately overbought now: ABX, CMI, EXP, GFI, RGLD, SUN, and TICC
- Standard overbought: FCX, PCU, RIO, UGP, and WOR
- Extremely overbought now: AEM and XSLV
- A possible top may be here for: AA, CLF, and T2118
- Toppy now: GLD and IYM
- A break out in either direction is on the way for: ALEX, the DJ-30, MOT, and SVU
- 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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