- Yi: +4.5
- Moderately oversold at this level: B, COGO, and JOSB
- Attempting to hold the 28 day moving average: CAT, F, GG, UYG
- Attempting to hold the 65 day: $HGX and MTH
- Attempting to break above the 28 day: BPOP
- Moderately overbought at this level: CEF, CPSL, EWJ
- Standard overbought: $XOI, CHK, FXI, PHI
- Extremely overbought: AA, AAPL, ACH, CSL, DELL, MEOH, MSCC, WATG
- Toppy here: AKNS, ARM, EWA, FRO, GIS, LDK, MSCC, PBE, TAN, USD
- Possible top in place for: PBY
- Has gone parabolic: $WTIC, CSL, UGA, X
- A break out in either direction is on the way for: AVP, GE, GPC, IYY
- 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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