- Yi: +4.25
- Possible bottom in place for: $USD
- Attempting to bottom out in this area: $VIX and LMT
- Moderately oversold now: PEG
- Attempting to hold the 65 day: MKC
- Attempting to hold the 28 day: KO and LPL
- Moderately overbought now: C, HCBK, LDK
- Standard overbought: AXP, BBT, EEFT, SHLD, URE, USB, WFC, WY, XLF
- Extremely overbought: ACF, BAC, KBE
- Toppy here: $HGX, $PLAT, CBK, KBE, MMC, PGM, RJZ, SLV, SLW, SYY, TPX, URE, USB, UYG, WFC, X, XLF
- Possible top in place for: AA, CTB, LEN
- RBS has gone parabolic.
- A break out in either direction is on the way for: AKNS
- 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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