- Yi: +0.5
- Trying to bottom out in this area: $BDI, FXF, GM
- Trying to break above the 28 DMA here: $IIX, $SOX, ACAS, AIG, CHK, CLF, CPSL, CSIQ, ERIE, IBM, JASO, KO, MTH, NOK, PBW, PEP, PTEN, SLV, SPWRA, SU, TSL, WGW, WSO
- Trying to break above the 65 DMA: AKNS, BA, CTB, IDA, LUFL, MBI, MFE, MMC, NAT, PNRA, TIE
- Moderately overbought now: LDK, PAYX, WDC
- 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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