- Yi: +18.57
- Trying to bottom out: AMZN and CORN
- Moderately oversold: HAS
- Attempting to hold the 65 DMA: DNB
- Up against the 28 DMA: BRKS
- Moderately overbought: ATI, BGS, CMI, GDDY, HMC
- Average overbought: HSNI, HSY, IP
- Extremely overbought: DNKN and DRI
- Possible top here for: AVAV and AXP
- Toppy: CAR and GOOG
- A break out in either direction is on the way for: BABA, BNS, FXI
- 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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