- Yi: +9, +8.6
- Trying to bottom out: DELL, HPQ, ZNGA
- Average oversold: HPQ and INTC
- Moderately oversold now: AMAT, CLF, CREE, IRF, JCP, NFLX, PBW, QCLN, RAIL, SCHH, SKS, TSLA, X
- Trying to hold some rising trendline support: AA, EWA, NUGT, PHI, SCHB, SCHM
- Attempting to hold the 65 DMA here: A, AA, ANF, ATI, JCP, PGH, PTEN, RJI, SFD, SHLD, WDC, WFR, WOR
- Attempting to hold the 28 day: AEM, FB, QLD, SWC, UYG, WFC, XLF, XOP
- Trying to hold falling trendline support: DELL
- Up against the 65 DMA here: PEG and XLU
- Extremely overbought now: GOOG
- Toppy here: PRBLX-weekly
- A possible top here for: $GOLD and $NYA50R-weekly
- 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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