- Yi: +63.82
- Attempting to bottom out at this level: SMG and Z
- At the average oversold level: SMG and THO
- Moderately oversold: CMG, KSS, RRGB, TUP, WY
- Attempting to hold the 28 DMA: AEM, ATI, CNK, M
- Attempting to hold the 65 DMA: AU and HD
- Up against the 28 DMA: $COTTON and PFE
- Up against some rising trend line resistance: IP and PAYX
- Moderately overbought: B, ETN, GM, LMT, NTAP, NVS, IFN, PBI, TTM
- At the average overbought level: DBO, F, HMC, ROK, SU
- Getting toppy NOW: $GASO, GS, HMC, IYE, MMC, MS, UGA
- A break out either way is setting up for: BBL, BBY, C, CANE, CRUS, HA, JPM, LBAI, LPI, MAN, PYPL, RGR, TD, VLY
- 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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