- Yi: +24.12
- Attempting to bottom out: AHH and TWTR
- Average oversold: MAN
- Moderately oversold: AHH, DUST, FLO, IFN, MED, NOW, VNO, WFC, WY
- Trying to hold rising trend line support: FNG
- Attempting to hold the 65 DMA: CIEN, HSY, MANT, MED, NOW, TGT
- Attempting to hold the 28 DMA: DRI, EROS, HRL, MSI
- Up against the 65 DMA: MGA
- Up against falling trend line resistance: GM and TROW
- Up against rising trend line resistance: ALL and TD
- Moderately overbought: ABX, AMP, AU, C, DE, DFS, FLR, MET, NEM, RGLD, $UST30Y
- Average overbought: CAT, HAS, PRU, UTX, XOM
- Getting toppy: RGR
- Anything posted on these pages 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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