- YI for EOD July 22: -3, for EOD July 23: -2.5
- Trying to bottom out: STX
- Standard oversold: GOOG
- Moderately oversold: QCOM
- Trying to hold some rising trend line support: CSIQ, TSU, UGP, and XLU
- Trying to hold falling trend line support: BMY and MSCC
- Trying to break above some falling trend line resistance: AAPL, BMY, BPOP, GPC, HON, the IIX index, JCP, MER, MTH, NWL, PTR, and USB
- Attempting to break above the 28 DMA here: ACAS, EWI, IYY, MEOH, OGE, SNA, the S&P-500, and T
- Moderately overbought: ADP, ARM, CBK, CNK, CSL, DVY, GM, IFN, IWM, KBE, PBCT, PTR, TKR, UYG, VFC, the VXO, WB, and XLF
- Standard overbought: BAC
- Toppy: GIS and PAYX
- 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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