- Yi: +7.45
- Moderately oversold: GIS
- Now trying to hold some rising trendline support: B and EXP
- Attempting to hold the 65 DMA here: F
- Attempting to break above the 65 day: KGC
- Moderately overbought: AA, ACH, AEM, CSIQ, GLD, JASO
- Overbought: ACF, AXP, DELL
- Extremely overbought: AAPL
- Toppy here: $NYA50R, $OEX, $SPX, ACAS, BAC, BBT, DELL, FRO, GF, JOSB, KBE
- 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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