- YI: -1.5
- Trying to bottom out: PPC, STX, VNBC
- Moderately oversold: KO
- Attempting to hold the 28 DMA here: GIS, KFT, WFR
- Attempting to hold the 65 DMA: B and CAKE
- Attempting to break above the 65 DMA here: BA, IFN, V, WM
- Moderately overbought now: $PLAT, BAC, BNI, BPOP, C, ERIE, EXP, LEN, SHLD, USB, XLF
- Toppy here: $HGX, MBI, MTH, TLB
- Anything posted 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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