- I is attempting to hold the 28 DMA.
- MED is up against falling trend line resistance.
- PEGI and PHI are up against the 28 DMA.
- $UST30Y is up against rising trend line resistance.
- AIG, COH, EWA, GDDY, NAT, SEE and VOT are moderately overbought.
- AXP, C, MTH and XLE are at the average overbought level.
- NCR is attempting to form a top here.
- B, CAKE, COPX, PTEN and X are likely forming a top here.
- DIS has gone parabolic.
- 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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