- Yi: +6.9
- SGG is at the average oversold level.
- XRX is moderately oversold.
- FLO, GBTC and TWTR are attempting to hold the 28 DMA here.
- DPS is up against falling trend line resistance.
- DNB, FL and SOYB are moderately overbought.
- CPER, PNRA and $SPX are at the average overbought level.
- IJH, IWM, IYJ, MDY and SBUX are toppy.
- AMTD and CW are possibly forming a top in this area.
- CALM, NDAQ and WFC are setting up to break out either up or down.
- 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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