- Yi: +5
- Possible bottom here for: ELN and LDK
- Trying to bottom out in this area: CBK and WFR
- Moderately oversold now: MBI, NTES, TSM
- Attempting to hold the 65 DMA here: FSLR and FUQI
- Attempting to hold the 28 day: AAPL, ABX, ARM, CSIQ, IBM, KBE, MEOH, MSCC, UYG, XLF
- Attempting to break above the 28 day: OCR
- Standard overbought now: GIS and MKC
- Extremely overbought: $WTIC
- Toppy here: FRO, PGM, SUN, UGA
- To a sell: GOOG
- A break out in either direction is on the way for: NM, NWL, PAYX, SDTH
- 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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