- Yi: +11.77
- Possible bottom here for: BAL
- Trying to bottom out at this level: AA, BB, BR, CANE, CAR, CPB, $CRB, SFIX, $SUGAR, UNG, WOR
- At the average oversold level: AAPL, BMY, DAL
- Moderately oversold: SGGFF
- Up against the 28 DMA: $GASO, TGT, TSN, UGA, $WTIC
- Up against falling trend line resistance: DIS
- Up against rising trend line resistance: $XAU
- Moderately overbought: GE
- Toppy: AU
- Possible top in this area for: $GOLD
- A break out either way is on the way for: AVAV
- 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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