- Yi: +9.55, +9.3
- A possible bottom here for: AKAM
- Trying to bottom out now: AMSC and AQA.TO
- Standard oversold: ABX, AEM, AGQ, BPZ, CLF, FRO, FSLR
- Moderately oversold: $XOI, ACH, ASA, CHK, EGO, EXP, FCX, GDX, IFN
- Trying to hold some rising trendline support: ACAS and ARMH
- Attempting to hold the 65 DMA here: CBZ, EWA, F, FXI, IWM
- Up against rising trendline resistance: CAKE
- Up against falling trendline resistance: FAZ
- Up against the 65 DMA here: DM and FUQI
- Toppy here: $DJW-weekly, $GOLD-weekly, AXP, GIS
- A break out in either direction is on the way for: AAPL, C, HCBK
- 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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