- Yi: +2.75
- Now trying to bottom out in this area: CBK, ENER, GA, GMR, JASO, LOW, MTH, OCR, SHI
- Standard oversold: GLW and QCOM
- Moderately oversold now: BGF, KFT, LMT, PAYX, PEG
- Attempting to hold the 65 DMA here: $SOX, IDA, MFE, NOK, RJZ, SPWRA, TKR
- Attempting to hold the 28: $IIX, ACAS, CAT, DVY, GF, MMC, PG, RX, SUN, TLB, TSL, WDC
- Attempting to break above the 28: BAC, BBT, DDM, IYY
- Moderately overbought now: PEP
- Standard overbought: PHI
- Toppy here: KO
- 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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