- +11.4
- DYN is attempting to bottom out.
- NIB is at the average oversold level.
- BBRY is moderately oversold.
- CEF, O, SIVR and SLV are attempting to hold the 28 DMA.
- IYE, SNA and XLE are up against the 28 DMA.
- DM, MET and MTH are up against falling trend line resistance.
- PRU is up against rising trend line resistance.
- $UST3M and TSL are moderately overbought.
- BAC, $HGX, IYJ, JNJ, JPM, LEN, LOW, WFC and UYG are at the average overbought level.
- AAPL is extremely overbought.
- BA, USB and YYY are probably forming a top in this area.
- DRI, FLO, M, MSI and SYY are setting up to break out either up or down.
- 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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