- Yi: +1.8
- A possible bottom here for: $GASO
- Now trying to bottom out: AA, AAUKY, ATI, CNK, I, NFLX, X, XON
- Oversold: CAKE, P, QLD
- Moderately oversold: $CRB, $WTIC, B, CHK, PPH, Q, RJI, SUNE, VFC
- Attempting to hold the 65 DMA here: DM, LPL, RAIL, RYE, SLW, UGLD
- Attempting to hold the 28 day: GFI
- Moderately overbought: AIG, BA, BGS, BLL, DIS, DVY, GF, GPC, KING, MKC, MMC, NAT, QCOM, WU, WY
- Overbought: $NDX, FB, MSFT, O, PAYX, PEP, PG, ROK, SCHD, SNY, SEE, SYY, T
- Toppy here: COST, GE, IDA, KING, SCHH
- 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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