- Yi: +18.7
- Trying to bottom out: EROS
- Extremely oversold: FAT
- Trying to hold rising trend line support: BMY and DB
- Up against the 28 DMA: ASA, $CRB, CRUS
- Up against the 65 DMA: AEM
- Up against falling trend line resistance: CVS
- Moderately overbought: AA, BB, CSX, CTB, F
- Average overbought: BBGI, DPS, EYE, $FTSE
- Extremely overbought: LTEA
- Toppy: ATI and BA
- A break out up or down is on the way for: B and COW
- 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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