- YI: +0.5
- Trying to bottom out: AAUK, BMY, EWI, EXP, and GFI
- Standard oversold: ACH and GE
- Moderatately oversold: AAPL, STX, T2118, TOT, and UGP
- Trying to hold some rising trend line support: LUFK and OGE
- Trying to hold falling trend line support: AA and KO
- Trying to break above some falling trend line resistance: C, CAT, CBK, HON, JCP, MER, PHI, and XPLT
- Moderately overbought: PBY
- A break out in either direction is on the way for: PDS
- 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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