- Yi: +18.88
- Attempting to bottom out: CORN, DBA, JJGTF
- Attempting to hold the 28 DMA: JJNTF
- Up against the 28 DMA: GE, GM, MAIN, MCHP, MTH, NTAP
- Moderately overbought: AAPL and KMB
- Average overbought: IDA and JCP
- Toppy: APD
- A break out either way is on the way for: CAKE
- 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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