- Yi: + 50.7
- Trying to bottom out: HBI, RGR
- Extremely oversold: $NYA50R
- Oversold: BGS, VFC
- Moderately oversold: FAST, HD, IR, MKC, STLD
- Trying to hold some rising trend line support: CAT, CORN, FLR, PPG, PRU
- Trying to hold some falling trend line support: MAIN, WBD
- Attempting to hold the 28: CMI, MDC, MTH, SNA, TWTR, UNG
- Up against the 65: D
- Up against the 28: HRL, LMT, TSN
- Up against some falling trend line resistance: GILD
- Moderately overbought: CLX
- Extremely overbought: CPB
- Toppy: $GASO, UGA
- A break out either way is on the way for: JACK
- 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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