- YI: -5
- Trying to bottom out: CSL and PTR
- Extremely oversold: DJ-30, GE, and LEN
- Standard oversold: UN
- Moderately oversold: ASA, CY, OGE, and SPWR
- Trying to hold some rising trend line support: WSO
- Trying to hold falling trend line support: JNJ, KFT, PEP, USB, WB, and WFR
- Attempting to hold the 28 DMA here: CSIQ
- Trying to break above some falling trend line resistance: BGF, BHP, EWJ, MEOH, and TTH
- Moderately overbought now: GFI
- Toppy here: GG
- 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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