- Yi: +15.4
- Trying to bottom out: BABA, GLW, JNPR, NTR, ORCL, QCOM, TWTR
- Average oversold: LBCC and SFTBY
- Moderately oversold: GFI
- Trying to hold rising trend line support: CEF
- Attempting to hold the 28 DMA: NIB
- Up against the 28 DMA: CVS, DF, GT, SNA
- Up against the 65 DMA: AAPL, CL, SIRI
- Up against falling trend line resistance: AVAV, AXP, DE, DNKN, FL, FLR, JNJ, PHI, RSX
- Up against rising trend line resistance: NUS
- Moderately overbought: BBY, CALM, DLPH, HA, LEN, PETX, SBUX, STMP, UL
- Average overbought: ANF and FLO
- 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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