- Yi: +12.22
- Trying to bottom out in this area: DF, F, GILD, RAIL
- At the average oversold level: UNG
- Trying to hold rising trend line support: D
- Up against the 65 DMA: SBUX, WDC, YYY
- Up against the 28 DMA: SNAP and TGS
- Up against falling trend line resistance: CSL, M, SEE
- Moderately overbought: AFL, BKS, CIEN, FL, KOLD
- Toppy: CEF and UGLD
- 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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