- Yi: + 46.35
- Trying to bottom out: AA, AEO, ALEX, $COFFEE, CPB, CSCO, FAST, $GOLD, HD, IBM, KHC, KMB, M, MDC, MTH, MU, NUS, O, PAYX, STX
- Oversold: BIDU, $GOLD, HD, IP, NUS, O, PRU
- Moderately oversold: AFL, APD, BBY, CLX, D, G, GOLD, GPC, JNPR, JO, KR, SNA, VNO, VOT, WEC
- Trying to hold rising trend line support: AEM, FLR, IYE, IYG, MGA, MET, MMC, NDAQ, NTAP, NYCB, PICK, RYE, SU
- Attempting to hold some falling trend line support: BGS, MAN, MMM
- Attempting to hold the 28: CAKE, SPWR
- Attempting to hold the 65: CORN, ETN
- Up against the 28; BMY
- Up against some falling trend line resistance: FL
- Moderately overbought: QID, SPXU
- ABEWISUF: LMT, MS, PFE, TWTR, $USD
- 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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