- Yi: +9.0
- CAR is moderately oversold.
- DF is trying to hold rising trend line support.
- HD, SMH, STMP, TILE and WFC are attempting to hold the 28 DMA.
- WEAT is up against the 65 DMA.
- NIB is up against the 28 DMA.
- AMTD is up against rising trend line resistance.
- HAS and $SUGAR are moderately overbought.
- WHR is a bit toppy at this level.
- PRU 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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