- Yi: -1
- Trying to hold the 65 day moving average: PTR
- Now trying to break above the 28 DMA: AA, AVP, AXB, AXP, C, DVY, ERIE, GE, GF, MMC, NWL, OGE, PG, RBS, SHI
- The following stocks are trying to break above the 65 DMA: BMY, CBK, GM, IRF, NEM, T
- Moderately overbought: ACH, AMAT, B, BGF, BMY, EEFT, EXP, FSLR, FXI, GE, MSCC, PEP, SWK, T, TKR, WY
- Toppy: FCX, GA, GFI, NTES
- 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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