- YI: -3.5
- Trying to hold some rising trend line support: UGP
- Attempting to hold the 28 DMA here: ACH and the VXO
- Trying to break above some falling trend line resistance: The BKX index, BPOP, CBK, CPB, CREE, DVY, FCX, MEOH, MER, MMC, NAT, NSC, QQQQ, TKR, TLB, TTH, UN, USB, WB, WY, XMSR, and the XOI index.
- Attempting to break above the 28 DMA here: ACAS, CORS, GE, IDA, PEG, SEE, STMP, T, and VFC
- Up against rising trend line resistance: AA, IBM, and TSM
- Moderately overbought now: GIS, KFT, and MKC
- Standard overbought now: LUFK, and TCK
- Anything posted 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.
Vana Blue is now a Publicly Trading Company, I had a great tip for this stock, "VBLU" if you need more info. check out their website, www.vanblue.com
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