- Yi: +6.0
- A possible bottom may be forming here for: DB, JDST, JJG
- At the average oversold level: HSNI
- Moderately oversold now: CMG and SBUX
- Attempting to hold the 28 DMA: BA, CAKE, JNJ, MET
- Up against falling tren line resistance: CAR and $FTSE
- Moderately overbought now: GDDY, P, TWTR
- Toppy here: AVP
- A possible top may be forming here for: AEM
- 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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