- Yi: +0.2
- Trying to bottom out: I
- Oversold: $VIX
- Moderately oversold: AA
- Now trying to hold the 65 DMA: CREE and H
- Trying to hold the 28 day: AVP
- Up against the 28 day: ATI and COH
- Moderately overBought: $DJW, $SILVER, $SPX, AIG, AMCC, BMY, CSCO, CSIQ, CWI, EWJ, GDDY, GXC
- Overbought: GE
- Toppy: $XOI, DM, GOOG, GT
- A break out in either direction is on the way for: AAPL
- 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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