- YI: +1
- Trying to hold some rising trend line support: MMC, REDF, and TKR
- Attempting to hold the 28 DMA here: EEFT
- Up against rising trend line resistance: PLT
- Moderately overbought now: BKC and PHG
- Standard overbought: X
- Possible top here for: STX
- Probable top here for: IFN
- A break out in either direction is on the way for: QCOM, TICC, and XPLT
- Anything here 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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