- Yi: +13.34
- BBRY, CSX, DAL, DFS, DRI, HA, GLW, JNPR, RRGB, TWTR and WDC are moderately oversold.
- LM is trying to hold rising trend line support.
- AET, BNS, NVDA and UYG are attempting to hold the 65 DMA.
- AXP, CLF, IYJ and ORCL are attempting to hold the 28 DMA.
- AGQ and GPC are up against the 65 DMA.
- HMC, INTC and JJG are up against falling trend line resistance.
- IYE and RYE are up against rising trend line resistance.
- BWA, CALM, DBO, DIS, JWN, KO, O, PEP, PG, T and VOX are moderately overbought.
- FB is at the average overbought level.
- BA, $DJW and EWI are toppy.
- DNB and MSI are possibly forming a top in this area.
- BIDU has gone parabolic.
- GEF, HSY, QVCA, TGS and Z 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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