- Yi: +0.8, +1.0
- Trying to bottom out: $DJX, ATI, BLL, C, CSL, CTB, DDM, EWI, F, FCX, FSLR, FXI
- Extremely oversold now: ACH, CSIQ, EWI
- Oversold: CTB, FCX, GF
- Moderately oversold: $DJW, $DJX, $HGX, $NYA50R, $OEX, $SPX, $XOI, A, AA, ATI, AVP, AXP, B, BA, BLL, CAT, CLF, CSL, DDM, EGPT, EWA, EWJ, EXP, F, FXI, GE, GLW
- Now trying to hold some rising trendline support: $GASO, ASA, BGS, DGP, ELN, GDX
- Attempting to hold the 65 DMA here: AGQ and CNK
- Attempting to hold the 28 day: AXP, DPS, GLD
- Up against some falling trendline resistance here: DELL
- Up against the 65 DMA here: CREE
- A break out in either direction is on the way for: AKAM
- There may be some more signals later. 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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