- Yi: +6, +3.8
- Moderately oversold: AA and CHK
- Attempting to hold the 65 DMA here: $DJW, $XAU, BLL, C, CAKE, CNK, DGP
- Attempting to hold the 28 day: $IIX, $OEX, AGQ, EGPT
- Up against the 65 day: $GASO, $PLAT, $VIX
- Moderately oversold: CSL
- Overbought: $WTIC
- A break out in either direction is on the way for: ACAS
- 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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