- Yi: +2.5
- Trying to bottom out here: NEM
- Standard oversold: PEP
- Moderately oversold: GIS, NST, PEG
- Attempting to hold the 28 DMA: $PLAT
- Attempting to hold the 65 DMA: OCR
- Trying to break above the 65 DMA: LDK and SPWRA
- Moderately overbought now: B, CLF, CTB, MSCC, NWL, PLL, SWK, WHR, WSO
- Standard overbought: F, SKS, STX, WY
- Extremely overbought: PBY
- Toppy here: $HGX, AAPL, GA, GOOG, IBM, JOSB, LPL, MTH, PTEN, ROK, 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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