- Yi: +9.9
- DF, JWN, M and WU are possibly forming a bottom at this level.
- BBGI, DNB, GT, MED, SHLD and SPLS are attempting to bottom out.
- SYMC and $UST30Y are moderately oversold.
- ANF is attempting to hold the 28 DMA.
- GE and O are up against falling trend line resistance.
- $CRB, DBO, DYN, FXF, $GASO, HSY and $WTIC are moderately overbought.
- LL is extremely overbought.
- AIG, DNKN, NAT, SNAP, TSLA, USB and UIS are 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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