- YI: -3.5
- Trying to bottom out: AA, AEM, CSIQ, SVU, and TOT
- Extremely oversold: XPLT
- Standard oversold: PCU and PDS
- Moderately oversold now: ADP, ASA, and UGP
- Trying to hold some rising trend line support: BPOP, CBK, GE, NYB, V, and WB
- Trying to hold falling trend line support: AAUK, ALEX, AMAT, BHP, FCX, JASO, LEN, and WFR
- Attempting to hold the 28 DMA here: AIG, CY, MCD, MDC, and SPWR
- Trying to break above some falling trend line resistance: CNK, MSCC, PHI, and XPLT
- Attempting to break above the 28 DMA here: VXO
- 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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