- Yi: +7.7, +7.6, +7.7
- Trying to bottom out in this area: $PLAT, AA, CMG, GPC
- Oversold: PG and WFM
- Moderately oversold: $COPPER, $NYA50R, ACH, CNK, CSIQ, EWA, IP
- Trying to hold the 65 DMA: BGS, PFF, SYY
- Trying to hold the 28 day: $HGX, AXP, GE, MKC, MOS
- Up against the 65 day: FXF
- Up against the 28 day: BA, CORN, CREE, CTB, DB, DBO
- Moderately overbought: NAT
- Toppy: GT
- A break out in either direction is on the way for: EWJ, JNUG, MSFT
- 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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