- Now up against falling trend line resistance: BA, GDDY, HSNI, NOK
- Now up against the 65 day moving average: CSIQ
- Up against the 28 day moving average: TKR
- Up against rising trend line resistance: EBAY
- Moderately overbought now: CAKE, DIS, EWA, F, FNDF, GM, GOOG, HPQ, IP, JPM, LOW, MCD, MED, PYPL, QCLN, RAIL, TSL, TSLA
- At the average overbought level: CLF and S
- Extremely overbought now: EROS
- Toppy here: COST CSCO, CSL, HSNI, NTES, PEP, YYY
- A possible top may be in place for: BGS, GFI, GPC, JNUG, RGLD, SLW, SYY
- A break out in either direction is on the way for: PHI
- Anything posted here may be off base of course, depending on market conditions.
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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