- AVAV may be forming a bottom here.
- HPQ, JNJ and T are at the average oversold level.
- MTH is moderately oversold
- CAT is attempting to hold the 28 DMA here.
- GG is up against falling trend line resistance.
- CVS is up against the 28 day.
- CSIQ, FB, QCOM and X are moderately overbought.
- AXP, BAC, PYPL, $USD and UUP are at the average overbought level.
- NFLX and $USD are a bit toppy here.
- STX is setting up to break out in one direction or the other.
- 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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