- Yi: +15.85
- Trying to bottom out: LOW, PM, RY
- Extremely oversold: LPL
- Average oversold: FXF and ITW
- Moderately oversold: COW, CW, EBAY, $GOLD, $PLAT, PX
- Up against the28 DMA: FNG
- Up against falling trend line resistance: FB and MAT
- Up against rising trend line resistance: FSLR and GDDY
- Moderately overbought: CVS, HRB, KR, PTEN
- Average overbought: CMG
- Toppy here: GEF
- A break out up or down is on the way for: DLPH, FXP, NCR
- 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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