- Yi: +18.65
- Attempting to bottom out here: GT, JNJ, LPL
- Moderately oversold: JJNTF
- Up against the 28 DMA here: PHI
- Moderately overbought: D
- A break out upward or downward is setting up for: FXF
- Anything posted on these pages 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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