- Yi: +15.03
- Average oversold: BGS
- Moderately oversold: CALM, CHD, CLX
- Trying to hold rising trend line support: DNKN
- Attempting to hold the 65 DMA: CPB and DRI
- Up against the 65 DMA: DLPH
- Up against the 28 DMA: CVS
- Moderately overbought: BBL. BRKS, EROS, $GOLD, GG
- Average overbought: CSIQ
- Toppy: CVA and CMG
- A break out either way is on the way for: DAL and CORN
- 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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