- Yi: -2.9
- Moderately oversold: GDDY, GOOG, PEG
- Up against the 28 DMA: CAT, CHK, CSL, JNUG, RJI, TSLA, UGA
- Up against the 65 day: $USD, AA, ASA, F, HPQ, INTC
- Moderately overbought: CTB, DBO, DIS, MAT, NUS, OIL, RJR, STX
- Anything posted here may be way 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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