- Yi: +20.77, +20.89, +20.78, +21.39
- Trying to bottom out: BKS
- Attempting to hold the 65 DMA: AMAT and ABX
- Attempting to hold the 28 DMA: BBGI, CL, DNKN, EBAY
- Attempting to hold the 65 DMA: HSY
- Moderately overbought: AMTD, CMG, CTB, DBC, $GASO, $FXT, GILD
- Average overbought: DBO
- Extremely overbought: DE
- A break out in either direction is on the way for: DPS
- 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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