- Yi: +17
- AGX is moderately oversold.
- AMAT, HAS, RYE, SBUX and TPR are attempting to hold the 28 DMA.
- ASA, COW, $FTSE and PRELF are up against the 28 DMA.
- FB, $GASO, GOOG and HA are moderately overbought.
- GBTC is average overbought.
- AMZN, PYPL and TSN are toppy.
- GDDY is possibly at a top.
- 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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