- Yi: +8.3
- Moderately oversold: GG, LOW, S
- Attempting to hold the 65 DMA: BLL and FCX
- Attempting to hold the 28 day: DGP, IAU, UGLD
- Up against the 28 day: $USD, CNK, DUST, GLW
- Up against the 65 day: EGPT
- Moderately overbought: CAKE, MMC, NAT, PEG, QQQ, SCHV, WSO
- Overbought: GT, NTES, OCR, ROK
- Toppy here: BMY and GT
- Has gone parabolic: NTES
- A break out in either direction is on the way for: CVY
- 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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