- Yi: +16.63
- Trying to bottom out: CVS, GT, KMB, PEP, PG, RAIL
- Average oversold: FAT, PM, RRGB, TPX
- Moderately oversold: CAR, FLO, GILD, MKC
- Attempting to hold the 28 DMA: RS
- Up against the 28 DMA: AEM and GLD
- Moderately overbought: BBL, CHK, DIS, IYE, PETX, PTEN, RGLD, RJI, RYE, SPWR, XLE
- Average overbought: ALL, $CRB, DBO, $GASO, KLIC, OIL, TXN, USL, USO, $WTIC, $XOI
- Extremely overbought: $NYXBT
- Getting toppy: ALL, AMZN, FSLR, XLK
- Possible top here for: AXP
- A break out either up or down is on the way for: MED, PFF, PPG
- 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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