- Yi: +13.49
- $USD and UUP are possibly forming a bottom.
- CAKE, IR, JACK, KLIC, MOS, SNAP and WHR are attempting to bottom out.
- CENX, RRGB and RGR are average oversold.
- BRKS, CHK, CREE, F, IP, PAG and PETX are moderately oversold.
- RYE is attempting to hold rising trend line support.
- GILD, IJH, IJR, IWM and MDY are attempting to hold the 65 DMA.
- AMZN and SMH are attempting to hold the 28 DMA.
- MMM is now up aginst the 28 DMA.
- GBTC, PEG and $PLAT are moderately overbought.
- EWI and DNB are average overbought.
- STMP is extremely overbought.
- AFL, CAFE, LOW and VFC are getting toppy.
- INTC is possibly forming a top.
- B, BBGI, BBRY, CSIQ, $DJW, ORCL and Z are in the process of establishing a breakout either upwards or downwards.
- 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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