- Yi: 0
- Trying to bottom out in this area: AVAV, PHI, X
- Standard oversold: QID and SPWRA
- Trying to hold the 65 DMA here: SLV
- Trying to break above the 28 DMA here: ARM, MCD, NAT, SKS
- Trying to break above the 65 DMA here: PTEN, PTR, QQQQ, SHI, WY
- Moderately overbought: GIS, KFT, LMT, LOW, LPL, MKC, NST, PAYX, ROK, SYY, XLF, XOP
- Standard overbought: NTES and PBY
- Toppy here: QCOM
- Abreak out in either direction is on the way for: SLW
- Anything posted here 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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