- YI: 0
- Trying to hold some rising trend line support: BGF, CORS, NLY, and UN
- Trying to hold falling trend line support: KO and PBY
- Trying to break above some falling trend line resistance: AA, EWI, EWJ, GG, MEOH, MPG, NAT, and OXY
- Attempting to break above the 28 DMA here: AAUK, BA, CMI, CSL, PTR, and UGP
- Up against rising trend line resistance: NSC
- Moderately overbought now: KEY, NAT, TLB, and TOT
- Toppy here: CY and LUFK
- 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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