- Yi: +0.1
- Trying to bottom out here: CSIQ, STX, TWTR
- Average oversold: RAIL
- Moderately oversold: ATI, AVAV, AVP, EGPT, $FXT, HPQ, LEN, M, MAT
- Attempting to hold the 65 DMA here: OIL and PEGI
- Attempting to hold the 28 day: BAC, C, EWI, F, IP, JPM, MPS, QVCA
- Moderately overbought: MED
- Extremely overbought: BGS
- Toppy here: FXF
- A possible top here for: $BDI
- A break out in either direction is on the way for: CNK, RTH, S
- 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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