- Yi: +4.5
- Moderately oversold: KFT
- Attempting to break above the 28 day here: $WTIC, ACF, AVP, CSIQ, GMR, JASO, LDK, NST, SHI
- Attempting to break above the 65 day: $CRB, ENER, EXP, FSLR, HCBK, IFN, SEED, SPWRA, TAN, WATG
- Moderately overbought now: $DJX, $OEX, $SPX, $XOI, AMAT, AXP, BA, CLF, CSCO, CSIQ, DDM, DELL, DVY, EEFT, EWI, FUQI, GE, GIS, IYY, MBI, MSCC, NTES, NWL, PBW, QQQQ, SKS, TKR, TSL, TSM, WDC, WFR, WHR, X, XOP, YGE
- Standard overbought: $XEU, EWA, GF, MEOH, MKC, STX, TOT
- Toppy here: CREE, HMY, JOSB, MOT, SLV, TLB
- Possible top here for: ASA
- 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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