- Yi: +0.5
- Extremely oversold: LUFK
- Moderately oversold: GIS
- Trying to hold the 28 DMA here: PLG and WSO
- Trying to break above the 28 DMA here: FCX, FXF, GLW, MEOH
- Trying to break above the 65 DMA: $XOI, ASA, LPL, NOK, NTES, SLV, SSRI, TSM, SWK
- Moderately overbought now: AVAV, NAT, WOR
- A break out in either direction is on the way for: BPOP
- 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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