- Yi: +4.1
- BBBY, BMY and CPER are trying to bottom out in this area.
- DUST is moderately oversold.
- ABX, AU, B and DIS are up against falling trend line resistance.
- AEM, $DJGSP, $DJW and $XAU are up against the 65 DMA here.
- ASA, BWA, PNRA and WFC are up against the 28 day.
- BA, HAS and SOYB are moderately overbought.
- AVP is a bit toppy here.
- COST is setting up to break out in one direction and another.
- Anything posted 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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