- Yi: +10.2
- WHR is attempting to bottom out.
- Z is moderately oversold.
- GG is attempting to hold rising trend line support.
- JNJ is attempting to hold the 28 DMA.
- CPER and DYN are up against the 28 DMA.
- AXP, BA, XRX and XLB are up against falling trend line resistance.
- AAPL and MDLOX are up against rising trend line resistance.
- CMG, SHLD and TSLA are moderately overbought.
- GF and IDA are at the average overbought level.
- CTB is toppy.
- BBRY, BMY, EBAY, EGPT, QCOM and S are setting up to break out either up or down.
- 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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