- Yi: +27.83
- Attempting to bottom out: GBTC, JACK, PHI
- Average oversold: BA and ORCL
- Moderately oversold: STMP
- Up against falling trend line resistance: VLY
- Up against rising trend line resistance: NVDA and WYND
- Moderately overbought: EWI and $XOI
- Average overbought: LBAI and WOR
- Getting toppy: $CRB, CSIQ, GS, $INDU, MMC
- A break out in either direction is setting up for: FLR, IP, JNPR, KHC, MKC, SLV
- 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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