- Yi: +11.3
- CHK and CSL are possibly forming a bottom in this area.
- BBGI, CAKE, COST, CTB, DNB, FLR and OIL are attempting to bottom out here.
- BBBY is extremely oversold.
- CORN is now at the average oversold level.
- DNB, HSY and LOW are moderately oversold.
- HD is attempting to hold falling trend line support.
- BBRY and YUMC are attempting to hold the 65 DMA.
- IDA, LEN and WHR are attempting to hold the 28 DMA.
- AGX is up against the 28 DMA.
- AEM and NFLX are up against the 65 DMA.
- AGX and P are up against falling trend line resistance.
- CREE, FB and GLW are up against rising trend line resistance.
- CAR, CSIQ, FSLR, NOW, PYPL, TWTR and XLNX are moderately overbought.
- MSI and Z are at the average overbought level.
- HRB, MCD, Q and YUM are getting toppy now.
- AVAV, LL, NOK and SYMC are setting up to break out either upwards or downwards.
- 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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