- Yi: +10.0
- FCX, IYE, JJG, NOV and RYE are attempting to bottom out.
- CAFE and MAT are at the average oversold level.
- DBC, DBO, EBAY, I, NCR, RJI, $SILVER and $WTIC are moderately oversold.
- ASA is attempting to hold the 28 DMA.
- SNAP is up against the 65 DMA.
- TPX is up against falling trend line resistance.
- PFF and PYPL are up against rising trend line resistance.
- CSL, HA and SNA are moderately overbought.
- SBUX is at the average overbought level.
- CALM, LL and Q are toppy.
- 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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