- Yi: +18.8
- Trying to bottom out: UNG
- Average oversold: CTB and MCD
- Moderately oversold: CAFE, CANE, CBRL, JO
- Up against the 28 DMA: FSLR, GOOG, JACK, PEG, WEC
- Up against the 65 DMA: AQUA, DIS, IP, MMM, RAIL
- Up against falling trend line resistance: AMAT
- Up against rising trend line resistance: P
- Moderately overbought: CLF, CW, DFS, EBAY, EGPT, FLO, JCP, MBI, MKC, $PLAT
- Average overbought: EROS, $GASO, X
- Toppy: DE and JWN
- 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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