- Yi: +36.44
- Oversold: WEAT
- Moderately oversold: MJ, SOYB
- Attempting to hold the 28 DMA: APD, KDP, NOW, RGLD, SFTBY, YUM
- Up against falling trend line resistance: CAKE
- Up against rising trend line resistance: JNPR, MKC
- Moderately overbought: AMP
- Overbought: SEE, SPWR, Z
- Toppy: CLX, FAST
- Break out either way: KR, OLLI
- Has gone parabolic: STMP, UPS
- 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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