- MCD, NAT, SLV, and SPWR are trying to bottom out in this area.
- NAT is now extremely oversold.
- PEG is moderately oversold.
- MOS and NUS are trying to hold rising trend line support.
- SCHB, SYY and UGP are attempting to hold the 28 day moving average.
- MET is up against falling trend line resistance.
- MET and P are moderately overbought.
- NOK is getting ready to break out either up or down.
- Anything posted here may be off base, 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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