- Yi: +7.4, +8.8, +8.5
- Trying to bottom out: CTB and FXI
- Extremely oversold: CHK
- Moderately oversold: $USD, KING, UUP
- Trying to hold the 65 DMA here: PTEN
- Trying to hold the 28 day: OCR
- Up against the 28 day: COH, COST, DVY, IDA, SCHH, WFM, XLB, Z
- Up against the 65 day: CVY, INTC, MOS, MSFT, PEG
- Moderately overbought: $HGX, $NDX, AVAV, CNK, MKC, MTH, PEGI, QCLN, QLD, RJR, SCHG, SEE, VOT, XLY
- Overbought: DIS, GDDY, XON
- Toppy: CAKE
- A break out in either direction is on the way for: NFLX
- 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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