- Yi: +17.78
- Trying to bottom out: TAP
- Moderately oversold: M
- Attempting to hold the 28 DMA: AEM and WY
- Up against the 65 DMA: CALM and FLR
- Up against falling trend line resistance: AVAV, $DJW, TSN
- Up against rising trend line resistance: CC, ORCL, SMH
- Moderately overbought: AXP, DRI, FL, FLO, MMM, PM, PPC, PPG, PRU, PTEN, PYPL, SHAK, $SPX, SWK, SYY, TILE, TROW, TRV, UYG, V
- Average overbought: ALL, APD, $HGX, HSY, MAN, MAT, NOW, NSC, PG, TXN, VOT
- Toppy: A, AGX, CL, IRBT, WEC
- A break out either way is on the way for: AU and TLRD
- 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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