- Yi: +5.4
- A possible may be forming here for: $CRB and $WTIC
- Moderately oversold: $USD
- Trying to hold rising trend line support: AVAV
- Up against falling trend line resistance: C and DRI
- Up against the 28 DMA here: NOV
- Moderately overbought: AIG and CTB
- A possible top may be forming here for: $PLAT
- 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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