- Yi: +64.33
- Attempting to bottom out: AGX, CLX
- Moderately oversold: CIEN, CMI, MRK, NVS, RGR
- Trying to hold some rising trend line support: A, CSX
- Trying to hold some falling trend line support: UIS
- Attempting to hold the 65 DMA: LIN, OLLI
- Attempting to hold the 28 DMA: SIL
- Up against the 28 DMA: MJ
- Moderately overbought: FLR, IYE, NOV, STMP
- Toppy: DBI, NSC, UNG, VFC
- A break out either way is setting up for: PPG, REMX
- 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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