- Yi: +9.7
- Trying to bottom out here: TIE
- Standard oversold: WATG
- Moderately oversold: DELL, EEFT, FXI, HPQ, NFLX, RBS, TSL, TSLA, URE
- Now trying to hold some rising trendline support: BBT, BPZ, CBZ, FUQI, MSCC, PTEN, SPWRA, USD
- Attempting to hold the 65 DMA here: JCP, LPL, PTR, SUN, V
- Attempting to hold the 28 day: STX
- Trying to hold falling trendline support: $BDI and CSIQ
- Up against some falling trendline resistance now: JOSB
- Up against the 65 DMA here: BMY and GIS
- Moderately overbought now: $Gold-weekly chart, BMY, CHK, KFT, PG, T
- Standard overbought: DDM, MSFT, PRBLX-weekly, SNA, VZ
- Extremely overbought: CAT
- Toppy here: B, DDM, DVY, ROK, WSO
- A possible top here for: BGS
- Going parabolic now: X
- A break out in either direction is on the way for: KGC, PHI, QCOM
- 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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