- Yi: +9.7
- CMG is moderately oversold.
- DF, GASO, GF, IP and VOX are up against falling trend line resistance.
- PEP is up against rising trend line resistance.
- DRI, FEU, NUS, PHI, RAI and UGP are moderately overbought at this level.
- CNK and CWI are toppy.
- 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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