- Yi: +1.6
- Extremely oversold: EROS
- Moderately oversold: AXP, CAKE, FXF
- Attempting to hold the 65 DMA here: $SILVER, CEF, EWI
- Moderately overbought: $DJW, $USD, AVAV, CVS, DB, EWJ
- Overbought: $BPSPX, $SPX, AMD, BA, DIS, GE, GM, GOOG
- Toppy here: AAPL, AIG, AMCC, ARMH, BA, CSCO, DIS, F
- A break out in either direction is on the way for: $UST30Y, ABX, ACH, COH
- 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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