- Yi: +17.62
- Trying to bottom out: CBRL and RGR
- Average oversold: CBRL, FXF, GT, KR, TGS
- Moderately oversold: CLF, CTB, EYE, GE, GILD, JWN, RRGB, SGGFF
- Trying to hold rising trend line support: RAIL and TAP
- Attempting to hold the 65 DMA: GFI and SIL
- Attempting to hold the 28 DMA: CC, CREE, DE, EMR, FCX, IYJ
- Up against rising trend line resistance: WEC
- Average overbought: ANF and D
- Toppy: AXP, PFF, SEE
- A break out either way is on the way for: AGX, APD, CLX, KOLD, TPR
- 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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