- +14.8
- Trying to hold rising trend line support: KR and PEG
- Attempting to hold the 65 DMA: QID
- Up against the 28 DMA: AET and $DJW
- Up against the 65 DMA: AGQ and $COPPER
- Up against falling trend line resistance: CSCO and CWI
- Up against rising trend line resistance: $GASO and NTAP
- Moderately overbought: CREE, $NYA50R, S, SBUX
- Average overbought: I
- A break out up or down is on the way for: CSX, EROS, IRBT
- 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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