- +8.5
- CHK and WU are attempting to bottom out.
- DF, EGPT, MSI, PAYX, ABUX, SNA, SYY and Z are moderately oversold.
- IYJ and MSFT are attempting to hold rising trend line support.
- AXP, O, PHI, UGP and WY are attempting to hold the 28 DMA.
- SOYB is up against falling trend line resistance.
- COPX and MRVL are up against rising trend line resistance.
- JJN, $PLAT, $SILVER, SIVR and SLV are moderately overbought.
- AAPL is at the average overbought level.
- DIS is a bit toppy here.
- 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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