- Yi: 0
- Now trying to bottom out: GLW and GT
- Moderately oversold now: $DJW, ARMH, CI, CWI, DB, EBAY, FXI, MET, QLD, SEE, SMH, XLK
- Attempting to hold the 65 DMA here: ASA, AXP, $DJGSP, GFI, JNJ, JNUG, NUGT, SLW, $WTIC, $XAU
- Attempting to hold the 28 day: AU, BA, CSL, CVY, EWA, $GASO, IYE, WFC
- Up against the 65 day: MKC
- Up against the 28 day: PG
- Moderately overbought now: IDA, O, QID
- Average overbought: DYN and Z
- A possible top here for: BGS
- 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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