- Yi: +11.6
- GE is possibly forming a bottom.
- AHH, GG and XOM are attempting to bottom out.
- ANF, BBBY, BGS and COST are oversold.
- BBY, CALM, CVS, GPC, O and SFTBY are moderately oversold.
- Z is trying to hold rising trend line support.
- GILD and WSO are attempting to hold the 65 DMA.
- DFS and JWN are attempting to hold the 28 DMA.
- MCHP is up against the 65 DMA.
- BWA, CREE and SEE are now up against rising trend line resistance.
- BWA, CREE, DLPH, LMT and ROK are moderately overbought.
- DAL, IR and SWK are toppy here.
- PRU is attempting to form a top in this area.
- CSL, MAT and WYN are setting up to break out upwards or downwards.
- 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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