- Yi: +8.6, +7.9
- A possible bottom here for: EGPT
- Trying to bottom out in this area: AA, AAPL, AMAT, C, CSIQ, FCX, MSFT
- Extremely oversold: CSIQ and DZZ
- Standard oversold: BAC, FSLR, GOOG, KBE
- Moderately oversold now: $OEX, AA, ACAS, ACH, DM, GPC, HPQ, MSFT
- Trying to hold some rising trend line support: ARMH
- Attempting to hold the 65 DMA here: CSL, DDM, DELL, EWI, GF
- Attempting to hold the 28 day: CAT, IFN, JCP
- Now trying to break above the 28 day moving average: $USD, AEM, AKAM
- Moderately overbought: FAZ
- Standard overbought: DGP and ELN
- Extremely overbought: GLD
- A break out in either direction is on the way for: EWJ
- 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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