- Yi: +9.2, +7.8, +7.4, +7.8, +7, +7.8, +7.3, +5.5, +5.8, +5.6
- Trying to bottom out: ANF
- Extremely oversold: AVP and JCP
- Oversold: F
- Moderately oversold: AVAV, B, BMY, CREE, CTB, GE, GM, KRFT
- Attempting to hold the 28 DMA here: $XAU and AA
- 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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