- YI: -1.5
- Trying to bottom out in this area: BGF, NOK, PBY, and SYY
- Extremely oversold: MOT
- Moderately oversold now: ACH, HMC, MEOH, OGE, UGP, and WHR
- Trying to hold some rising trend line support: ACAS, ADP, BAC, BPOP, CREE, PEG, PTR, SUN, and V
- Trying to hold falling trend line support: MER, NYB, TSU, and XMSR
- Attempting to hold the 28 DMA here: CPB, the DJ-30, FNM, IWM, KFT, MCD, NST, TSM, and TTH
- Trying to break above some falling trend line resistance: LOW and NAT
- Attempting to break above the 28 DMA here: PLL and WB
- Up against rising trend line resistance: GFI
- Anything posted 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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