- Yi: +11.4
- CMG and MAT are attempting to bottom out.
- P is extremely oversold.
- NFLX, RRGB and WEN are moderately oversold.
- A, AET and EBAY are attempting to hold rising trend line support.
- PYPL and WYN are attempting to hold the 65 DMA.
- AEM, NUGT, RGLD and TGS are attempting to hold the 28 DMA.
- DIS is up against the 65 DMA.
- MANT is up against falling trend line resistance.
- AIG is up against rising trend line resistance.
- ATI, BAC, BNS, GT, MET, PRU, SCHW and WFC are moderately overbought.
- AMTD and MMC are toppy.
- RGR is possibly forming a top.
- 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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