- Yi: +3.75
- Attempting to bottom out in this area: BGF
- Moderately oversold now: QID
- Attempting to break above the 28 DMA here: $SOX, ACF, ARM, AVAV, DELL, LPL, NAT, NST, YGE
- Attempting to break above the 65 day: GLW and GMR
- Moderately overbought now: $IIX, $XAU, AA, ASA, CSL, CTB, DDM, EGO, EWA, FXI, LUFK, MFE, MOT, MSCC, PGM, PTEN, PTR, RAIL, WATG, XOP
- Standard overbought: KO and SLW
- Toppy here: AAPL, GDX, GLD, PEP, PHI
- A break out in either direction is on the way for: BA
- 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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