- Yi: +18.6
- At the average oversold level: AU
- Moderately oversold: GG
- Trying to hold rising trend line support: PPLT and $PLAT
- Trying to hold falling trend line support: MDC
- Attempting to hold the 65 DMA here: MBI
- Up against the 65 DMA: NCR
- Moderately overbought: I, M, MCHP, MKC, NOW
- Toppy: CNK, DNB, HPE, MU
- A possible top may be in place for the ever rising: BA
- A break out in either direction is on the way for: CSIQ
- Anything posted 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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