- Yi: +62.8
- Attempting to bottom out at this level: CSIQ, KOLD
- Oversold: IRBT, NIB
- Moderately oversold: SMH
- Attempting to hold the 28 DMA: A, D, HPE, IR, KLIC, MAIN, PFF, TXN
- Attempting to hold the 65 DMA: CBRL, GM, $NDX, QLD
- Up against some falling trend line resostance: CL
- Up against rising trend line resistance: NSC, SWK
- Moderately overbought: CLF, DBO, $GASO, HD, LMT, MED, PAYX, UGA
- Overbought: IP, RS, T, OC, STLD
- A break out either way is on the way for: CSX, MAN, $COTTON
- 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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