- Trying to bottom out in this area: JASO, LMT, MCD, MFE, MMC, MTH, NAT, NOK, PEP
- Extremely oversold here: LMT, MOT, NM. NOK, OGE, PAYX, PBW, PG, SEED, SPWRA, SWK, TAN, TIE, TSL, URE, WOR, WY, X
- Standard oversold: KO, LUFK, NAT, NST, OCR, PEP, PTR, QQQQ, SHI, SSRI, SUN, TKR, TOT, TPX, WATG
- Moderately oversold now: LEN, LPL, QCOM, SLV, T, VFC
- Attempting to hold the 28 day moving average here: GLD, MSCC, PGM, UGA
- Attempting to hold the 65 day moving average: GDX, GOOG, NEM, SLW, TLB, WGW
- Attempting to break above the 28 day moving average: IBM
- A break out in either direction is on the way for: SHLD
- 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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