- Yi: +65.48
- Attempting to bottom out at this level: APD, CORN, COIN, PPG
- Up against the 65 DMA: AMP, IR, KMB, WDC
- Up against the 28 DMA: BRKS, EMR, HPQ, PPC, PRU, TPR, WGO, WSO
- Up against falling trend line resistance: WFC
- Moderately overbought: BABA, CRUS, HSY, $INDU, MMC, NTAP, PBI, PNC, TROW
- At the average overbought level: CMG and KLIC
- Toppy: DBO
- A break out either way is setting up for: ALEX, BITW, PFE, WBA, WHR
- 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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