- Trying to bottom out in this general area: MCD and PEG
- Extremely oversold: MBI, MMC, ROK
- Standard oversold: MFE and PLG
- Moderately oversold: MTH, OCR, PEG, PEP, PHI, PNRA
- Attempting to hold the 65 DMA here: WDC
- Attempting to break above the 28 DMA here: MKC
- Moderately overbought now: NTES and QID
- A break out in either direction is on the way for: PBY
- 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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