- Yi: +5
- Standard oversold now: $USD
- Attempting to hold the 65 day here: CNK
- Attempting to break above the 65 day: RJA, SUN, TIE, WOR
- Moderately overbought now: $GOLD, $PLAT, $WTIC, $XOI, B, CAKE, CHK, CLF, CPSL, ERIC, EXP, FRO, GFI, LUFK, NM, PGM, SLV, SLW, SSRI, SU, SYY, UGP, XOP
- Standard overbought: $CRB, $DJX, $XEU, BNI, FCX, GF, LEN, NWL, SWK, TKR, X
- Extremely overbought: $HGX, ACH, CAT
- Toppy here: NTES
- Possible top in place for: F
- Probable top here for: AAPL
- Has gone parabolic: SHI
- A break out in either direction is on the way for: JASO and TAN
- 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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