- Yi: +18
- Trying to bottom out: BWA
- Average oversold: BB, BWA, CW, LMT
- Moderately oversold: AFL, AMTD, ATI, MTH
- Attempting to hold the 65 DMA here: NOK
- Up against the 28 DMA: EGPT and OILU
- Up against rising trend line resistance: SCHH
- Moderately overbought: KR and TAP
- Getting a bit toppy here: AAH, CMG, DNKN, MSI
- Going parabolic: BGS
- 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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