- YI: -1
- Trying to bottom out: GF and XPLT
- Standard oversold: PEG and XSLV
- Moderately oversold: AA, ABX, and GLD
- Trying to hold some rising trend line support: GLD
- Trying to hold falling trend line support: AA and GG
- Trying to break above some falling trend line resistance: ALEX, CBK, LOW, NSM, OXY, STX, and SVU
- Attempting to break above the 28 DMA here: AIG, C, CY, FRO, MER, and NX
- Up against rising trend line resistance: PBY
- Moderately overbought now: ACAS, ARM, BAC, the BKX index, BPOP, DVY, EBAY, EXP, KEY, LEN, MDC, MKC, MSCC, NYB, PEP, TLB, UN, VFC, WHR, XLF, and XMSR
- Standard overbought: BGF, GIS, and RYL
- Toppy here: GE, KO, USB, and XHB
- 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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