- Yi: -3.3
- Trying to bottom out: EXP and S
- Moderately oversold: DGP, ELY, GLTR, GPC, UGLD
- Up against the 28 DMA here: FCX, GLW, GXC, SCHF, T, WFC, WY, YAO
- Up against the 65 day: EGO, GE, MSFT, PEP, SNDK
- Moderately overbought: ZSL
- Overbought: EEFT
- A break out in either direction is on the way for: EGPT
- 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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