- Yi: +22.45
- Attempting to hold the 28 DMA: FXF
- Up against falling trend line resistance: AQUA and BRKS
- Up against rising trend line resistance: CHK, $GASO, IYE
- Moderately overbought: FLR, FXI, GILD, GOOG, IJH, IJR, KLIC, LEN, MCD, MDC, MDY, MET, QCLN
- Average overbought: $HGX, LOW, MKC, PEGI
- Toppy: AGX, AMAT, CREE, DE, IR, MMM, PFF
- 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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