- FXF, GFI, PAYX, PHI and RGLD are trying to bottom out in this area.
- AVAV, NAT, NOK and SHAK are at the average oversold level.
- AXP, B, CHK, DIS, NCR, P, PFF, Q, QVCA, SEE, SHLD and SPWR are moderately oversold.
- GLW, QCOM and STX are attempting to hold rising trend line support.
- GLW and HPQ are attempting to hold the 28 day.
- UUP is a bit toppy here.
- Anything posted 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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