- Yi: +14.53
- Attempting to bottom out at this level: GE, JO, SHAK, UNG
- At the average oversold level: TLRD
- Moderately oversold: MOS and VNO
- Up against falling trend line resistance: KR and PYPL
- Up against rising trend line resistance: CIEN
- Moderately overbought: CL and NOK
- At the average overbought level: AU and NTES
- Toppy: TWTR
- A break out either way is on the way for: BA, BABA, CMG, GDDY, IBM, KDP, MTH
- 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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