- Yi: +10, +10, +9.8, +9.3
- A possible bottom here for: CLF
- Oversold: AEO
- Moderately oversold: A, AAUKY, GM
- Trying to hold some rising trendline support: BMY
- Attempting to hold the 28 DMA here: $SILVER, ABX, AKAM, BLL, F, GOOG
- Up against the 65 day: AAPL
- Moderately overbought: PEP
- 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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