- Yi: +10.7
- JCP and PAG are attempting to bottom out.
- CAR is at the average oversold level.
- DF is moderately oversold.
- MED is attempting to hold the 28 DMA.
- IYE is up against the 28 DMA.
- ABX is up against the 65 DMA.
- $HGX is up against rising trend line resistance.
- AVAV, CIEN, FXI, $FXT, JNJ, MRVL and MTH are moderately overbought.
- CC is at the average overbought level.
- MGA is toppy.
- IRBT is possibly forming a top at this level.
- BABA has gone parabolic.
- BAC is 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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