- Yi: +68.68
- Attempting to bottom out: BIDU, MJ, WDC
- Extremely oversold: BIDU
- Oversold: AEO, TSM, VFC
- Moderately oversold: ALV, BBY, BITQ, COPX, DBI, FL, FLR, HD, IWM, KODK, MTSI, UIS
- Trying to hold some rising trend line support: COIN, VLY
- Trying to hold some falling trend line support: PBI
- Attempting to hold the 28 DMA: $COFFEE, COIN, CPRI, CSCO, EFV, MCHP, NTR, SDY, TUP, XLNX
- Attempting to hold the 65 DMA: ALEX, BITW, MAIN, NOBL, PPG
- Moderately overbought: GILD, MRK
- Toppy: AFL, BAL, D, LIN, MMC, PFE, PM, RSX
- A break out either way is on the way for: KLIC
- Anything posted 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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