- Yi: +10.3
- DYN is possibly forming a bottom here.
- $GASO and DFS are at the average oversold level.
- CSL, FAST, GE and SHLD are moderately oversold.
- SNA is attempting to hold rising trend line support.
- CW and SGG are up against falling trend line resistance.
- TSLA is up against rising trend line resistance.
- AEM, BMY, CSCO, FSLR, MGA, SNAP and TWTR are moderately overbought.
- B and Q are at the average overbought level.
- BBRY, HD, MAIN and RGR are toppy.
- MET is setting up to break out 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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