- Yi: 0
- Trying to bottom out in this area: AXP, C, CNK, GIS, KBE, MKC, MMC, PG, TLB, TSL, XLF
- Moderately oversold now: BBT, PAYX, PBCT, USB, WFC, WSO
- Trying to hold the 28 DMA here: CAKE, CBK, EXP, FNM, GE, GPC, LMT, MBI, MTH, NST, NWL, PLL, QQQQ, ROK, SWK, T, VFC, WB, WHR
- Trying to break above the 28 DMA now: $CRB, $WTIC, BPOP
- Moderately overbought now: $GOLD
- 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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