- Yi: +26.86
- Attempting to bottom out at this level: TD
- Up against the 65 DMA: MJ
- Up against the 28 DMA: DBI, IRBT, QCOM
- Moderately overbought: AHH, CLF, CLX, CPRI, LPL, $NYA50R, PBI, SNA, VFC, WOR
- At the average overbought level: KOLD
- Getting toppy at this level: GOOG and JNJ
- A break out either way is setting up for: AMAY, INTC, LEN, OLLI, SCHW, WU
- 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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