- YI: -3.5
- Trying to bottom out: ARM, GM, and RT
- Extremely oversold: MOT
- Standard oversold: The BKX index, EBAY, ROK, WB, WY, and XLE
- Moderately oversold: ALEX, BAC, CBK, CREE, the DJ-30, DVY, GPC, HMC, the IIX index, IWM, KEY, MER, MPG, NST, NX, NYB, OGE, PPEP, PG, SEE, SNE, the S&P-500, STX, SUN, SYY, TKR, VFC, and the VXO
- Trying to hold some rising trend line support: AIG, BPOP, CAT, CMI, EWJ, EWU, GG, IFN, KO, MCD, MMC, NWL, RIO, ROK, SGP, SOLF, and YUM
- Trying to hold horizontal trend line support: JNJ
- Trying to hold falling trend line support: GE, MKC, NSM, PAYX, and XLU
- Attempting to hold the 28 DMA here: ADP, AVP, CSL, EXP, FRO, GF, GIS, JCP, LOW, NLY, NSC, SNA, TOT, TSM, and WHR
- Standard overbought: ABX and ERF
- Extremely overbought: ASA
- Toppy here: MEOH
- Gone parabolic: GLD
- 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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