- Yi: +2.35, +2.1
- Trying to bottom out here: FRO
- Moderately oversold: NTES, PEP, PGM, PHI, RJA, RJI
- Trying to hold some rising trendline support: EXP
- Attempting to hold the 65 DMA here: NOK
- Attempting to hold the 28 day: SUN
- Trying to hold falling trendline support here: FSLR and FXI
- Up against some falling trendline resistance: OCR
- Up against the 65 DMA here: $NYA50R, ELY, HOGS, SHI
- Moderately overbought: LMT and PG
- Now overbought: BMY
- Toppy here: MSFT and SNDK
- Anything posted here may be off base. There may be more signals before the close of regular trading hours.
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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