- Yi: +2.5
- Standard oversold at this point: BPOP
- Moderately oversold: SSRI
- Attempting to hold the 65 day: AKNS, FCX, GLW, LMT, NOK, NTES, TIE, TPX, XLF
- Attempting to hold the 28 day: LDK and QCOM
- Attempting to break above the 28 day: NWL
- Moderately overbought now: CTB, KFT, KO, SDTH
- Standard overbought: MKC
- Extremely overbought: GIS
- Toppy here: AVAV, CTB, IFN, STX
- A break out in either direction is on the way for: $GOLD, $PLAT, $SOX, MEOH, SPWRA, UGP
- 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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