- Yi: +5
- Trying to bottom out in this area: KFT
- Moderately oversold now: CREE and UGA
- Attempting to hold the 65 day here: $WTIC and LPL
- Attempting to hold the 28 day: CPSL
- Moderately overbought now: CNK, EXP, PGM, SPWRA, SUN, WOR, WSO
- Standard overbought now: EEFT, KO, MOT, NWL, PLL, RX, TKR, TPX
- Toppy here: BPZ, DELL, FCX, GF, MOT, PG, SLW, TLB
- 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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