- Yi: +9.1
- WOR is possibly forming a bottom.
- AA, ATI, CIEN, SNAP, $SUGAR, TPX and X are attempting to bottom out.
- CLF is extremely oversold.
- DYN is moderately oversold.
- CHK, NAT and UNG are attempting to the 28 DMA.
- MTH is moderately overbought.
- CMG and SCHH are at the average overbought level.
- IDA is toppy.
- AAPL, HAS, NOK and VOT are 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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