- Yi: -2.5
- Trying to bottom out in this area: $WTIC, ACAS, BBT, CPSL, EXP, GE
- Now trying to hold the 28 day moving average: PEG and RGLD
- Now attempting to hold the 65 DMA: IDA
- Now trying to break above the 28 DMA: $HGX, BNI, CBK, CLF, FXI, LEN, LUFK, NST, SDTH, SHI, STX, WY
- Now attempting to break above the 65 DMA: AMAT, AVP, CHK, GA, GF, PAYX, PBW, TIE, TOT, USD
- Moderately overbought now: AAPL, ELN, GLW, MTH, PHI
- Standard overbought: MKC
- A break out in either direction is on the way for: BPZ
- 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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