- Yi: +23.58
- Average oversold: GBTC
- Trying to hold the 65 DMA: $DJW and MAT
- Trying to hold the 28 DMA: $COTTON, $GASO, GF, LOW, QCLN, QCOM, REMX, TGT, TTM, UGP
- Up against the 65 DMA: CANE and DBA
- Up against the 28 DMA: KOLD, MCD, MSI
- Up against falling trend line resistance: FLO and NDAQ
- Moderately overbought: IDA, PM, $SUGAR
- A break out either way is the way in the fullness of time for: AAPL, AVP, BBBY, CORN, CRUS, HAS, KR, LM, TSN
- 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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