- Yi: +9.4, +9.6
- Oversold: MBI
- Moderately oversold: ARMH, LMT, MM, RJI, TSL
- Attempting to hold the 65 DMA here: A, EEFT, HPQ, JDSU, NAT, USO
- Trying to hold the 28 day: $DJW, $DJX, $OEX, $SPX, AKAM, ANF, BMY, CREE, FNDA, FNDF, GOOG, IFN, NTES, PGH, PPH, PTR, XLE
- Up against the 65 day: $VOX and EGPT
- Moderately overbought: AU, COST, CWI, DBB, GG, PG, SHI
- Overbought: $NYA50R, AEM, EGO, FCX, NUGT, SLW
- Extremely overbought: $DJGSP
- Toppy here: CVY and RSP
- 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.