- YI: +2
- Possible bottom here for: BGF
- Trying to bottom out now: NOK
- Standard oversold: TLB
- Trying to hold some rising trend line support: AAUK, ASA, PG, and UGP
- Trying to hold falling trend line support: AVP and the VXO
- Trying to break above some falling trend line resistance: DVY, GM, IWM, IYG, KBE, MER, and VFC
- Up against rising trend line resistance: AA, EXP, LEN, LOW, QCOM, SVU, and V
- Moderately overbought: AIG, ARM, FNM, HMC, MDC, MMC, NLY, OGE, USB, XLF, and XPLT
- Standard overbought: ALEX, CPB, ERF, and WSO
- 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.
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