- Yi: +13.83
- Average oversold: PETX
- Moderately oversold: FXP
- Attempting to hold the 65 DMA: QID
- Attempting to hold the 28 DMA: ANF and GBTC
- Up against the 65 DMA: PPG
- Up against the 28 DMA: BB, COST, ETN, HRL, IR, GPC, LMT
- Up against falling trend line resistance: BA, CAT, EWA, FCX, IQV, MU, SNA
- Moderately overbought: BNS, BRKS, BWA, CVA, DE, EFV, JNPR, MCHP, LPL, MDY, MGA, NVS, PEGI, RSX, RYE
- Toppy: PYPL
- A break out eithe way is on the way for: NIB
- Anything posted here 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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