- EGPT is possibly forming a bottom here.
- CSIQ, O, PEGI and SLW are at the average oversold level.
- PFF is moderately oversold.
- CORN is attempting to hold rising trend line support.
- PEG is attempting to hold falling trend line support.
- CMG, COST and FNDF are up against falling trend line resistance.
- CHK, FEU, GLW and HSNI are up against the 28 DMA here.
- CLF, DB, EROS, GE, HPQ, ORCL, QVCA, SCHB, SEE, SHAK, $SPX and TKR are moderately overbought.
- CSL, JPM, M, MET and WOR are at the average overbought level.
- COPX is extremely overbought.
- HPQ and NCR are 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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