- Yi: + 58.62
- Attempting to bottom out: BGS, KMB, WHR, YUMC
- Extremely oversold: PM
- Oversold: BGS, FLO, KMB, TSN, YUMC
- Moderately oversold: BBY, MKC
- Attempting to hold some rising trend line support: BITO, BITQ, CSCO
- Trying to hold some falling trend line support: COIN, WHR
- Attempting to hold the 28 DMA: SIL, TUP, $XOI
- Attempting to hold the 65 DMA: UGA, USOI, VALE, $WTIC
- Up against the 65 DMA: RY
- Up against the 28 DMA: GPC, LIN, VLY
- Up against some falling trend line resistance: GEF, NVS
- Up against some rising trend line resistance: MANT
- Moderately overbought: DE, PFE, RGR
- A break out either way is setting up for: BNS, CFVI, FAST, $GASO, GT, IYJ, JACK, JNPR, KHC, NDAQ, PHG, PPG, SDY, TROW
- 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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