- Yi: +19.95
- Trying to bottom out: AVP and GBTC
- Average oversold: LM and REMX
- Up against the 28 DMA here: BBY
- Up against falling trend line resistance: AU and EGPT
- Up against rising trend line resistance: AMZN and CAKE
- Moderately overbought: AGQ, CALM, CVS, PEP
- Average overbought: AET, BALTF, PAYX
- Getting toppy here: KO
- A break out either way is on the way for: CTB, FEU, FNDF, GILD, HPE, KLIC, MCHP, RYE
- Anything posted here may be a wee bit 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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