- Yi: +21.6
- Trying to hold rising trend line support: $USD
- Up against the 65 DMA: DRI and NS
- Up against the 28 DMA: FLR, RRGB, UIS
- Up against falling trend line resistance: UIS
- Up against rising trend line resistance: AGX
- Moderately overbought: CMI, CRUS, CSCO, CVS, FE, EYE, IR, KR, KSS, M, MAIN, MDY, MMC, NDAQ, NIB, PEGI, PEP, PPC, RS, SDY, SYMC, TLRD, TRV, UYG, X
- At the average overbought level: AET, CBRL, KO, MOS, PG
- Toppy: CLX
- Going parabolic: MDC and MKC
- 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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