- Yi: +69.52
- Attempting to bottom out: CPB, RGR, SU
- Oversold: CLX, CNK, CPB
- Moderately oversold: TKR, V
- Trying to hold some rising trend line support: USB
- Trying to hold falling trend line support: WU
- Attempting to hold the 28 DMA: $CRB, FCX, $GASO, $INDU, IYG, UGA, WOR
- Attempting to hold the 65 DMA: BAL, $COFFEE
- Up against the 65 DMA: $LUMBER, MGA, PPG
- Up against the 28 DMA: BEN, YYY
- Up against rising trend line resistance: A
- Moderately overbought: ETCG, ETHE, MCHP, WEAT
- Toppy: A, REMX
- A break out either way is setting up for: BITQ, CORN, TSN
- Anything posted on these pahes 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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