- Yi: -2.6
- Trying to bottom out: $DJW, $HGX, $NDX, AXP, BA, CREE, CSL, DIS, FEU, GT, HPQ, HSY, LEN, MET, MOS
- Extremely oversold: AA, DBO, FCX
- Oversold: $DJW, $HGX, $NYA50R, CSIQ, NEM
- Moderately oversold: AIG, BMY, DM, HSY
- Moderately overbought: M
- Toppy: AU
- 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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