- Yi: +23.78
- Attempting to bottom out: AEM, AVAV, EYE, FNG, GILD, KODK, NVS, WEAT, XON
- Average oversold: CALM, MAT, NUGT
- Moderately oversold: GDX, IDA, NEM, RGLD, SIL
- Trying to hold falling trend line support: TPR
- Attempting to hold the 65 DMA: FL, REMX, WY
- Attempting to hold the 28 DMA: BBBY, BBY, CNK, DNKN, HPQ, PAG, PFF, PG
- Up against the 65 DMA: LPI
- Moderately overbought: CG, DUST, JDST
- Average overbought: TWTR and UTX
- Toppy: CL and HPE
- A break out either way is on the way for: BWA, MDR, PNC, QCLN, RGR, SBUX, SHLDQ, T
- 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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