- YI: -4.5
- Probable bottom here for: AIG, BAC, BPOP, and NWL
- Possible bottom here for: ACAS, C, CBK, GE, IFN, and KBE
- Trying to bottom out here: AMAT, BA, FNM, IDA, IIX, KFT, and the SP-500.
- Extremely oversold now: MER, SEE, and WHR
- Standard oversold: ALEX, ARM, CAT, GPC, NYB, SNE, STX, and SYY
- Trying to hold some rising trend line support: IBM, LUFK, and MKC
- Trying to hold falling trend line support: AA, ACH, AKNS, CY, MDC, MTH, PAYX, PBY, PCU, and XLF
- Trying to break above some falling trend line resistance: AAPL, GOOG, NST, PEP, PG, the XOI index, and XSLV
- Attempting to break above the 28 DMA here: BMY and TOT
- Toppy here: ABX, AEM, and ASA
- 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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