- Yi: +2.8
- Moderately oversold: QID, SIVR, SLV
- Attempting to hold the 65 DMA here: $COPPER, FXF, MED, SUNE
- Up against the 28 day: AMCC, DB, DYN, LEN, MET, MSI, NOK, V, XLY
- Up against the 65 day: B, HPQ, MTH, VFC
- Moderately overbought: $DJW, $NDX, $SPX, BA, CSCO, GOOG, HSY, LOW, MKC, PAYX, PEG, PEP, PG, QCOM, QLD, STX, SYMC, TSLA, VOX
- Toppy here: T
- 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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