- Yi: -0.2
- Trying to bottom out: STX
- Average oversold: AAPL, CI, CREE, CTB, JCP, M, NOK, SHLD, SPWR
- Moderately oversold: ARMH and VFC
- Attempting to hold the 28 DMA here: GG
- Now up against the 65 DMA: MSFT and SYMC
- Moderately overbought: $CRB, DBC, DF, SMH, $WTIC
- Toppy here: MED, MKC, SYY, T
- A break out in either direction is on the way for: AXP, $DJGSP, GFI, $HGX, PEG, RGLD, RGR
- 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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