- Yi: +13.35
- GPC, HD, SBUX and SNA are trying to bottom out in this area.
- CMG, FL and SNAP are extremely oversold.
- PTEN, PPG and QCOM are moderately oversold.
- BBRY, F and IR are trying to hold rising trend line resistance.
- MAN, MANT and SHLD are attempting to hold the 65 DMA.
- ASA, F and NOW are attempting to hold the 28 DMA.
- IRBT and TSLA are up against the 28 DMA.
- CANE, CEF, DBP and GLDI are up against the 65 DMA.
- AAPL is up against falling trend line resistance.
- DNB and STMP are moderately overbought.
- GILD, MMC, NFLX and RGLD are average overbought.
- PFF and QCLN are toppy.
- AVAV, CREE and LEN are setting up to break out up or down.
- Anything posted here 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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