- Yi: +0.6
- Moderately oversold: CTB, GLW, GOOG, LEN, LPL, MSFT, MTH, SBUX, SEE, SYMC
- Attempting to hold the 28 DMA here: CI and XLY
- Moderately overbought: FB, GFI, IAU, MED, P
- Average overbought: AEM, $BDI, CLF, DBP, EFX, NEM, SIVR, SLV
- Extremely overbought: JNUG
- Toppy here: CHK, DB, EROS, F
- A break out in either direction is on the way for: ATI and GDDY
- 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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