- Yi: +17.25
- At the average oversold level: UNG and $VIX
- Attempting to hold the 28 DMA: GEF
- Up against the 28 DMA: KMB
- Up against falling trend line resistance: TROW and YETI
- Moderately overbought: AIG, AHH, BNY, EROS, KO, KOLD, LOW, MRK, MSI, PEG, QCLN, NUS, SVXY, WDC, WU
- At the average overbought level: AVP, MANT, PG
- Extremely overbought: MMC
- Toppy: HD, MJ, RS, STMP
- A break out either way is on the way for: CAR
- 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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