- Yi: -2
- Standard oversold: KFT and TKR
- Moderately oversold: GIS, KO, MCD, PEP, PG, SUN, T
- Trying to hold the 28 DMA here: LPL, MKC, NEM, OCR, PAYX, PEG, SHI, SLW, TPX, TSL, WGW
- Trying to hold the 65 DMA here: $USD, FXI, PHI, RGLD
- Trying to break above the 28 DMA: JASO and WATG
- Trying to break above the 65 DMA: JASO
- Moderately overbought: ELN and ENER
- A break out in either direction is on the way for: BGF
- 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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