- YI: -1.5
- Possible bottom here for FNM
- Trying to bottom out in this area: GF
- Trying to hold some rising trend line support: The DJ-30, GE, GOOG, IYY, KFT, SUN, and WFC
- Trying to hold falling trend line support: EWJ, GF, SNE, and TTH
- Attempting to hold the 28 DMA here: BA, BMY, C, KBE, PBCT, UYG, WB, and XLF
- Trying to break above some falling trend line resistance: ALEX, MEOH, PCU, SDTH, and T2118
- Attempting to break above the 28 DMA here: AAUK, RGLD, and TAN
- Up against rising trend line resistance: AAPL
- 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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