- Yi: +9.79
- Now attempting to bottom out: AMSC, ASA, NAT, UUP
- Standard oversold: $XAU, GG, GMR
- Moderately oversold now: CNK, DPS, FRO, GLD, HOGS
- Trying to hold some rising trendline support: AAPL, PTR, SLE
- Attempting to hold the 65 DMA here: B
- Attempting to hold the 28 day: $IIX
- Now trying to hold falling trendline support: FRO
- Up against the 65 day: $WTIC and JCP
- Moderately overbought now: BBT, EWI, NTES, PEG, WSO, YGE
- Standard overbought: FSLR, PAYX, RJA, TSL
- Extremely overbought: WY
- Toppy here: HPQ, PG, RJA
- Going parabolic: WY
- A break out in either direction is on the way for: MSFT, OCR, PHI, SKS
- 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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