- Yi: +16.34
- Trying to bottom out: DWDP and UNG
- Average oversold: GT and TTM
- Moderately oversold: ARNC, CORN, DBA, FLR, KSS, MOS, WFC
- Trying to hold rising trend line support: AMP, AU, CG, CTB, LEN, MDC, NTAP
- Attempting to hold the 65 DMA: BWA, CTB, MET
- Attempting to hold the 28 DMA: AMTD, BAC, BIDU, BRKS, FCX, KLIC, MDR, NCR, NS, NS, PFF, QRTEA, RYE, WOR, WU
- Up against falling trend line resistance: PM
- Up against rising trend line resistance: MSI
- Moderately overbought: CSX, D, HSY, KO, UUP, WEN
- Average overbought: CLF, IRBT, MAT, SBUX, WEC
- Toppy: KOLD, PAYX, PEG
- A break out either way is on the way for: CVS, I, NDAQ, PETX, ROK
- 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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