- Yi: +5.6
- ANF, $GASO and NAT are trying to bottom out in this area.
- $WTIC is moderately oversold.
- AAPL is now up against the 65 day moving average
- CSIQ is now up against the 28 day moving average.
- EFV and EWI are now moderately overbought.
- SMH and STMP are possibly forming a top here.
- Anything posted here may be off base, according to 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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