- Yi: +20.33
- Attempting to bottom out: DBO, UGA, USL, USO
- Up against the 65 DMA: AMTD, BWA, CTB, IQV, $SILVER, SIVR
- Up against the 28 DMA: AQUA, EBAY, IYG, MAT, MBI, SCHD, SNA, TKR, TROW, WHR
- Up against falling trend line resistance: BGS, NFLX, RS, WFC
- Moderately overbought: ALL, ATI, CSX, JACK, MDC, OC, PPG, SIL, USB, WEN
- Average overbought: LMT, MSI, NDAQ, PSTL, Z
- Extremely overbought: LIN
- Toppy: TGS,TGT, Z
- Going parabolic: HSY
- 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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