- Yi: +18.5
- Moderately oversold: BWA, DM, FNG, GILD
- Attempting to hold the 65 DMA: F
- Attempting to hold the 28 DMA: AMZN
- Up against the 28 DMA: CEF and CORN
- Moderately overbought: CLF, FXI, $GASO, GT, JJN, KR
- Average overbought: BAL
- Toppy: CAT
- A break out up or down is setting up for: AQUA
- 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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