- Yi: +17.90
- Trying to bottom out: DB, GLW, REMX
- Average oversold: HMC
- Moderately oversold: IDA
- Attempting to hold the 65 DMA here: CORN
- Up against the 28 DMA: CAKE and $GOLD
- Moderately overbought: KSS, MDC, NOW, PEG
- Average overbought: M and MCHD
- Toppy here: BRKS, CREE, MED, NDAQ
- A break out up or down is setting up for: AGQ, AVAV, BIDU, GBTC, GPC, MJ, NUGT
- 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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