- Yi: +21.03
- Attempting to bottom out: MJ
- Moderately oversold: FXF
- Up against the 65 DMA: PHI
- Up against the 28 DMA: AMAT, ATI, BRKS, F, FNDF, LIN
- Up against rising trend line resistance: PPC
- Moderately overbought: MDC, STX, WY
- Average overbought: $USD
- Extremely overbought: JJNTF
- Toppy: WEN
- A break out either way on the way for: ALL
- 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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