- Yi: +28.5
- Attempting to hold the 28 DMA: DRI
- Up against rising trend line resistance: GOOG
- Moderately overbought: NVS
- Average overbought: AAPL, AGX, AMZN
- Toppy: HBI, HD
- A break out either way is on the way for: GDDY, HSY, KMB, $PLAT, PPLT, UGA
- 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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