- Yi: +18.85
- Trying to bottom out in this area: BBL, CMI, CVS, DB, DIS, $DJW, GG, GM, GT, $HGX, LOW, PAG, ROK
- At the average oversold level: MCD
- Moderately oversold: CAT, FL, HA, MGA, PEG
- Trying to hold rising trend line support: BA, DE, EWI
- Attempting to hold the 65 DMA here: FCX and QVCA
- Up againgst the 28 DMA: DRI
- Up against the 65 DMA: CALM
- Up against rising trend line resistance: NUS
- Moderately overbought: CLF
- At the average overbought level: M
- Has gone parabolic: NIB
- A break out in either direction is on the way for: CC and GFI
- 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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