- Yi: +0.4
- A possible bottom here for: CEF and FXF
- Trying to bottom out here: S
- Extremely oversold: EROS
- Oversold: AA, CHK, COPX, CU, DBC, M. RJI
- Moderately oversold: COH and S
- Attempting to hold the 65 DMA here: $NDX
- Attempting to hold the 28 day: AAPL, BMY, PYPL
- Up against the 65 day: IDA and Q
- Moderately overbought: MSI and USB
- Toppy here: GE and PAYX
- A break out in either direction is on the way for: UGP
- Anything posted 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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