- Yi: +10.5
- CAFE, DFS and $USD are attempting to bottom out.
- $CRB is moderately oversold.
- SNA is at the average oversold level.
- AU is attempting to hold the 65 DMA.
- BBGI and O are up against the 65 DMA.
- ORCL is up against falling trend line resistance.
- $NDX and QLD are up against rising trend line resistance.
- BA, EBAY, FB, IDA, IYJ, MKC, MMC, MSFT, PAYX, PEGI, PHI, SBUX, SCHD, TILE and WYN are moderately overbought.
- EQIX, FXI, $FXT, GOOG, HSY and KO are at the average overbought level.
- AET, CALM, V, WEN and YUM are now toppy.
- AAPL, APD, BRKS, CMG, M, PETX, PMPIX and SYY are 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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