- Yi: +9.5, +9.7, +9.6, +9.6
- Now trying to bottom out: CORN and ELY
- Extremely oversold: DB
- Oversold: DSLV
- Moderately oversold: EGPT and IBM
- Attempting to hold the 65 DMA here: AVP, GE, GF, LMT
- Attempting to hold the 28 day: CREE, EFV, FEU, IRF, KRFT, ROK, SCHF, SWK
- Up against the 28 day: AAPL
- Up against the 65 day: BMY
- Moderately overbought: CDE, GLW, SHI, SLV, WOR
- Overbought: $CRB, $DJGSP, F, FB, NTES, WY
- A break out in either direction is on the way for: AVAV, JCP, MCD, TSL, XON
- 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.