- YI: -5
- Possible bottom here for: MER
- Trying to bottom out: BA, DJ-30, and EXP
- Extremely oversold: JCP
- Moderately oversold: HMC
- Trying to hold rising trend line support: BMY
- Trying to hold falling trend line support: ADP, ALEX, BAC, C, CSL, DVY, EBAY, EWJ, GF, GOOG, GPC, and IYY
- Up against rising trend line resistance: AA and ASA
- Trying to break above some falling trend line resistance: CY
- Attempting to break above the 28 DMA: BGF and CSIQ
- Standard overbought: ABX, GIS, and GLD
- Toppy here: AEM and 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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