- Yi: +62.9
- Attempting to bottom out: BITW, FLR
- Oversold: VFC
- Moderately oversold: COPX, CPRI, LTCN, $PLAT, $SUGAR, TUP
- Attempting to hold the 28 DMA: $COPPER, $CRB, UNG
- Attempting to hold the 65 DMA: FLO
- Up against the 28 DMA: AGX, IR, IWM, $NDX, QQQ
- Up against the 65 DMA: BITW, KLIC, MAIN, MU
- Up against some falling trend line resistance: GS, IYG, LIN, VNO, WBA
- Up against some rising trend line resistance: KHC
- Moderately overbought: AVGO, MMC, TXN, YUM
- Overbought: RGR
- Toppy: CVS, HRB
- A break out either way is setting up for: DBI, ETCG, FCX, GOLD, HBI, HD, IYE, MJ, REMX, RYE, WY, $XOI, XOM, XRX
- 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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