- Yi: +18.96
- Attempting to bottom out: FXP and JO
- Average oversold: JJGTF
- Moderately oversold: BIDU, CBRL, GOLD, HAS
- Trying to hold rising trend line support: AGX
- Attempting to hold the 65 DMA: KDP
- Attempting to hold the 28 DMA:N AMAT, AVAV, CAKE, CALM, CANE
- Moderately overbought: BBY
- Possible top here for: BBL
- A break out either way is on the way for: C, FCX, GOOG, IYE
- 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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