- Yi: +11.35
- UNG is oversold.
- DB, DBC, DBO and HPE are moderately oversold.
- C is attempting to hold the 28 DMA.
- CW is up against the 65 DMA.
- AFL, BWA, CIEN, GLW, GPC, GT, HRB, IJH, IJR, ITW, IWM, MDY, MKC, ORCL, PEG and SCHD are moderately overbought.
- IDA, IYJ, MMC, VOX, WYN and YUM are overbought.
- PYPL is extremely overbought.
- GBTC and TSLA are toppy.
- A is possibly forming a top.
- MCD has gone parabolic.
- CAKE, RAIL, TPX and USB 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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