- Yi: +7.09
- Trying to bottom out in this area: SPWRA
- Moderately oversold: TOT
- Now trying to hold some rising trendline support: $XOI and COST
- Attempting to hold the 28 DMA here: UGA
- Up against rising trendline resistance: A, AAPL, CLF, CSCO, CSL, ELN, IWM, PBY, SCHA, SCHB, SHLD, USD, WHR
- Now trying to break above some falling trendline resistance: EEFT and YGE
- Attempting to break above the 65 DMA here: WATG
- Moderately overbought now: CTB, KO, LPL, STX, SYY, T, WDC, WOR
- Overbought: DELL, KFT, MKC, SKS
- Extremely overbought: GPC and JOSB
- A break out in either direction is on the way for: AVAV and CSIQ
- 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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