- Yi: +0.8
- Now trying to bottom out: AA, CLF, JOY, PTEN
- Extremely oversold: ATI and EROS
- Moderately oversold: AAUKY, AXP, CAKE, CMG, DBC, DBO, GFI, PPH, Q
- Trying to hold the 65 DMA here: B, CEF, JNUG, QCLN
- Trying to hold the 28 day: ACH, AU, BMY, COPX, CTB, FCX, MED
- Moderately overbought: AAPL, LEN, MAT
- Overbought: ARMH, F, GM
- Toppy here: $PLAT and AIG
- 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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