- Yi: +24.9
- Attempting to hold the 28 DMA: CAKE, CALM, RRGB
- Up against rising trend line resistance: FSLR
- Moderately overbought: AKAM, D, IFN, SIRI, UL
- Average overbought: SNAP, $SILVER, SIVR, LIN
- Extremely overbought: A, RGR
- A break out either way setting up for: CSIQ, HAS, JACK, KO, PNC, SYY, VLY
- 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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