- Yi: -0.8
- Trying to bottom out: $SILVER, B, CNK, DIS, EBAY, NCR, ORCL, S
- Oversold: AAPL, CMG, MET, NCR, P
- Moderately oversold : $NTA50R, AA, AVP, BA, CAT, EBAY, F, FXF, GDDY, GT, LOW, LPL
- Attempting to hold the 28 DMA: $COPPER and NAT
- Up against the 28 day: M and PHI
- Overbought now: RJR
- Anything posted here may be a bit 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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