- Yi: +5
- Standard oversold at this point: $USD
- Moderately oversold: LMT
- Attempting to hold the 65 day: PHI
- Attempting to break above the 28 day: HCBK, NAT, SPWRA
- Attempting to break above the 65 day: SHLD
- Moderately overbought now: $WTIC, AA, ARM, GOOG, IWM, NM, PTEN, SWK, TIE, TPX, URE
- Standard overbought: $SOX, LUFK, USD
- Toppy here: IRF, LEN, SDTH, TPX
- A break out in either direction is on the way for: F and IDA
- 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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