- Yi: +21.7
- Attempting to bottom out: RAIL
- Average oversold: QID
- Trying to hold falling trend line support: FXP
- Attempting to hold the 28 DMA: CNK
- Up against the 28 DMA: AQUA and IRBT
- Up against falling trend line resistance: CPRI, FXI, TSLA
- Up against rising trend line resistance: COF, $CRB, CREE, FB, GF, NS, SCHX, $SPX, STX, SWK, TSM
- Moderately overbought: ALL, AMP, ARNC, CVY, FB, GBTC, GILD, IJH, MGA, REMX, ROK
- Toppy: AHH and FAST
- A break out either way on the way: HAS
- Anything posted 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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