- T is possibly forming a bottom here.
- HSNI, MTH and QVCA are attempting to bottom out in this area.
- RAIL is at the average oversold level.
- CVS, FXI, GT and WY are moderately oversold.
- CSIQ is attempting to hold the 28 DMA here.
- Z is up against falling trend line resistance.
- HSY is up moderately overbought.
- EFV is setting up to break out either up or down.
- 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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