- Yi: +36
- Attempting to bottom out: LPI
- Moderately oversold: RTX
- Attempting to hold the 28 DMA: CORN, SOYB, $VIX
- Attempting to hold the 65 DMA: PHI
- Up against the 28 DMA: AMAT, AMZN, APD, BA, BGS, BMY, BNS, BRKS, CC, $COPPER, DAL, EBAY, ETN, FCX, GS, MAIN, $NDX, NTAP, PAG, PBI, PPLT, QLD, SNA, THO, TKR, X, XRX, YUM
- Up against the 65 DMA: $GASO, ROK, SCHH
- Up against falling trend line resistance: $DJW, PFE
- Moderately overbought: CSIQ, STMP, STX, TGT, WOR
- Overbought: BBBY, DNKN, DRI
- Toppy: BBBY
- Break out either way on the way: AKAM, HBI, KODK, MED
- 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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