- Yi: +20.56
- Moderately oversold: AFL, BGS, CLX, CSIQ, FB
- Trying to hold rising trend line support: AFL
- Up against the 65 DMA: FNG
- Up against falling trend line resistance: AGQ
- Up against rising trend line resistance: A, AAPL, CW
- Moderately overbought: AMZN, BBL, BBY, CSCO, DAL, CWI, FEU, FXI
- Average overbought: AMZN, BBL, BBY, CSCO, CWI, DAL
- Extremely overbought: BA, CVGRX, $DJW, FLR
- Toppy: AA, CAT, DE, FNDF
- 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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