- YI: -4
- Trying to bottom out in this area: KO and PCU
- Standard oversold: SVU
- Moderately oversold: AAPL
- Trying to hold some rising trend line support: KFT
- Trying to hold falling trend line support: AA, AAPL, SVU, and TSL
- Trying to break above some falling trend line resistance: CSL, FCX, GF, IYY, OKE, PBCT, and PDS
- Attempting to break above the 28 DMA here: AIG, BA, CNK, FNM, LEN, MER, and SUN
- Moderately overbought now: MTH, NOK, PAYX, and TPX
- 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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