- Yi: +1
- Moderately oversold: MKC and SEED
- Attempting to hold the 28 DMA here: NWL
- Attempting to hold the 65 DMA: HMY and PTEN
- Attempting to break above the 65 DMA: ACAS, AVP, AXB, BA, BBT, BNI, DVY, GE, GF, GPC, USB
- Moderately overbought in this area: $HGX, ACAS, ACF, EWJ, IYY, SSRI, WFR, WOR, WY, X
- Standard overbought: GLW and STX
- Extremely overbought: NTES
- Possible top in this area for: BGF and CHK
- Toppy here: AAPL, AEM, EGO, EWA, GDX, IBM, KGC, KO, 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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