- Yi: +8.88
- Now attempting to bottom out: $USD, ABX, DGP, GLD, GMR
- Standard oversold: AVP, ENER, IFN
- Moderately oversold: CAKE, CSL, DELL, F, KFT, MBI
- Trying to hold some rising trendline support: AXP, BMY, ELN, IWM, IYY, LMT, NTES, OCR
- Attempting to hold the 65 DMA here: AXP, CSIQ, DM, EWA, GOOG, MSFT
- Attempting to hold the 28 day: EWJ and NCR
- Up against some falling trendline resistance here: BAC, FAZ, FRO
- Standard overbought: NFLX
- Moderately overbought: GPC and JCP
- Extremely overbought: AMAT
- Toppy here: $DJW-weekly, $XOI, GLW, MMC
- A possible top here for: GE and GF
- A break out in either direction is on the way for: HOGS and NOK
- 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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