- Yi: +69.73
- Attempting to bottom out: CL CNK, MJ, OMC
- Oversold: FL, HRL, KHC, LMT, MKC
- Moderately oversold: BWA, CVS, FLO, GIS, GME, MANT, MRK, QSR, WOR, $WTIC
- Trying to hold some rising trend line support: $GOLD, GPC
- Attempting to hold some rising trend line support: AEO, MRK
- Attempting to hold falling trend line support: JACK
- Attempting to hold the 28 DMA: $COPPER, $CRB, GLW
- Attempting to hold the 65 DMA: CIEN, FCX, MAN, STLD
- Moderately overbought: MU
- Toppy: MRVL
- A break out either way is setting up for: EFV, FLR, JO, WY
- 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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