- Yi: +7.6
- Trying to bottom out: PHI
- Oversold: EWI, NM, NOK
- Moderately oversold: $BDI-Weekly, $HGX, $OEX, KGC, NEM
- Trying to hold some rising trendline support: $XOI
- Attempting to hold the 65 DMA here: AMSC, DDM, EXP, HPQ, MSCC
- Attempting to hold the 28 day: AEM and BLL
- Trying to hold falling trendline support: DVY and EEFT
- Up against the 65 DMA here: FAZ
- Moderately overbought: AXP and BGS
- Overbought: AQA. TO
- A bit toppy here: CREE
- A break out is in the way for: CLF and RJA
- 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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