- Possible bottom here for: PTEN and SHI
- Trying to bottom out: MBI, NAT, TIE
- Extremely oversold: WB
- Standard oversold: MOT, PBW, ROK, T, TOT, USD, UYG, V
- Moderately oversold: JNJ, MFE, OGE, PAYX, PLL, SKS
- Attempting to hold the 28 DMA: NWL and PG
- Attempting to hold the 65 DMA: LDK and LMT
- Moderately overbought: RGLD and USB
- 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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