- Yi: +0.1
- Trying to bottom out: $VIX, AA, CORN
- Oversold: QID and STX
- Moderately oversold: PTEN
- Trying to hold the 65 DMA here: AAUKY, AU, CAT, GFI, JNUG, RJI, ROK, TKR
- Trying to hold the 28 day: UGP
- Up against the 28 day: S
- Moderately overbought: CVS, DB, KING, LOW, MTH, PEGI, PEP, PYPL, QLD, QVCA, SCHB. SCHG, SCHX, T, VFC, WY
- Overbought: INTC, NTES, O, SCHH, V
- Toppy: $FXTt, $NDX, $PLAT, $SPX, BMY, CTB, DIS, F, FB, GE, PAYX, PEG, PG
- A break out in either direction is on the way for: MED, OIL, RGR, SUNE, XLB, XLY
- 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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