- Yi: +7.85
- Now trying to bottom out: CSCO, CSIQ, EEFT, FSLR, LMT, MBI, RAIL, TSL
- Oversold: CBK, SHLD, TAN
- Moderately oversold: $GOLD, LDK, RAIL
- Trying to hold some rising trendline support: BAC and XLF
- Attempting to hold the 65 DMA here: $WTIC, HOGS, MTH, WFR
- Attempting to hold the 28 day: AXP
- Now trying to hold falling trendline support: FSLR, GE, NWL
- Up against rising trendline resistance: COST and FAZ
- Up against falling trendline resistance: GLW, LPL, PEP
- Up against the 65 DMA here: JOSB
- Moderately overbought now: CREE, LUFK, MEOH
- 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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