- Yi: +6
- Oversold: EXP
- Moderately oversold: AVP, BPZ, CBK, LMT, MFE, VOD
- Trying to hold some rising trendline support: $CRB, CSIQ, IFN
- Attempting to hold the 65 DMA here: LMT
- Attempting to hold the 28 day: A, GOOG, OGE
- Trying to hold falling trendline support: $VIX
- Now up against rising trendline resistance: $OEX and BBT
- Attempting to break above the 28 DMA here: PAYX
- Attempting to break above the 65 day: SPWRA
- Moderately overbought now: $HGX, AXP, CAT, GE, GF, GMR, LDK, MBI, MTH, OCR, PBY, SPWRA, SSRI, SUN, TKR, TLB, USB, UYG, VFC, WFC, WFR, XLF
- Overbought: FRO, PHI, PTEN, SWK
- Extremely overbought: F
- Toppy here: BA
- A possible top here for: F
- Going parabolic: X
- A break out in either direction is on the way for: SYY
- 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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