- Yi: +14.94
- Attempting to bottom out: MBI and PPLT
- Oversold: S
- Moderately oversold: O and PFF
- Attempting to hold the 28 DMA: HAS and NAT
- Up against the 28 DMA: DRI
- Up against falling trend line resistance: SFTBY
- Moderately overbought: AMZN, BBY, DNKN, EGPT, FB, HPQ, MCD, MSI, NOW, NTES, PEG, TRV
- Overbought: CW, GOOG, HD, LMT, MS
- Extremely overbought: GM
- Toppy: ALL, AXP, CC, $HGX, IJH, MTH, PAYX, SCHW
- Anything posted here could 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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