- YI: -0.5
- Trying to bottom out: BGF, FNM, and SEED
- Extremely oversold: AEM and TOT
- Oversold: AAUK, ASA, and TAN
- Moderately oversold: MEOH and NAT
- Trying to hold falling trend line support: ASA and PCU
- Attempting to hold the 28 DMA here: SPWR
- Trying to break above some falling trend line resistance: C, CBK, DVY, EWJ, GPC, IDA, NWL, PAYX, PHI, SVU, SYY, and XLF
- Attempting to break above the 28 DMA here: GOOG and SNE
- Moderately overbought now: AAPL, ALEX, AMAT, BA, BMY, the DJ-30, GE, GPC, the IIX index, JCP, TSM, and VFC
- Standard overbought: MCD, MTH, and PEP
- Extremely overbought: GIS
- Toppy here: ARM and SUN
- A break out in either direction is on the way for: CPSL and TSL
- 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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