- Yi: +15.21
- Attempting to bottom out: LOW and TLRD
- Average oversold: QCOM
- Moderately oversold: SIRI
- Trying to hold rising trend line support: HRL
- Attempting to hold the 65 DMA: UGA
- Attempting to hold the 28 DMA: FCX, RGR, RAIL, $UST30Y
- Up against falling trend line resistance: APD
- Moderately overbought: AMAT, AGX, IBM, PEGI, TXN, YUM
- A break out either way is on the way for: MED, PNC, TUP, V
- 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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