- MAT and UGLD are moderately oversold.
- EGPT and QVCA are up against the 28 day.
- CREE, TKR and XLE are moderately overbought.
- WOR is a bit toppy here.
- CVY, CWI, EFV, EWI, FB, FEU, FNDF, FXI, SCHB and $SPX are setting up to break out in either direction.
- Anything posted 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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