- Yi: +15.15
- Trying to bottom out: CANE
- Extremely oversold: FAT
- Average oversold: BBBY
- Moderately oversold: AGX, CLX, LEN
- Attempting to hold the 65 DMA: AHH and $COPPER
- Attempting to hold the 28 DMA: QID
- Up against the 28 DMA: A, AMAT, AQUA, AXP, CTB, EBAY, MAN, MTSI
- Up against the 65 DMA: BRKS, COWTF, QLD, SMH
- Up against falling trend line resistance: BBY, COST, CW, GLW, SCHD, SFIX
- Up against rising trend line resistance: MET
- Moderately overbought: AAPL, CC, CSCO, $CRB, IWM, MAT, MANT, MSI, $NYA50R, OILNF, NTAP, SFIX
- Toppy in this area: MGA and NOV
- A break out up or down on the way for: CSIQ, FSLR, LL, RAIL
- 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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