- Possible bottom in this area for: CPSL, CSIQ, CTB, EWI, EWJ, FRO, GE, GF
- Trying to bottom out here: CSCO, DDM, DVY, ERIE, GIS, GPC, IWM, IYY, KFT, LUFK, MMC, OGE, PAYX, PG, PLL, PTEN, QQQQ, ROK, SU, TTKR, USD, UYG, WSO, XLU, XOP
- Standard oversold at this point: MBI, OGE, PLG, PLL
- Moderately oversold: COGO, CREE, SWK, TPX, TSL
- Attempting to hold the 28 day moving average: CNK, GDX, GFI, NEM, PGM, SLW, STX, WGW
- Attempting to hold the 65 day moving average: CSL, ERIC, GG, RGLD, SSRI
- Attempting to break above the 28 day moving average: GM, LEN, MSCC
- Attempting to break above the 65 day moving average: EEFT and F
- A break out in either direction is on the way for: PHI
- 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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