- Yi: +12.88
- HAS, MOS and NCR are possibly forming a bottom here.
- NTES, PETX and SBUX are attempting to bottom out in this area.
- ANF, CAL, COH, EGPT, GPC, HSNI, LOW, NFLX and NUS are moderately oversold.
- CAFE is attempting to hold the 65 DMA.
- HPQ is attempting to hold the 28 DMA.
- CSX, QCOM and $USD are up against the 28 DMA.
- KMB, SCHX, $SPX and WDC are up against the 65 DMA.
- SMH is up against falling trend line resistance.
- A is up against rising trend line resistance.
- AXP, BA, DNB, $INDU, KO, PEP, TSN and VFC are moderately overbought.
- AAPL is at the average overbought level.
- $INDU, LMT and TGS are getting toppy.
- CAR and NDAQ are possibly forming a top in this area.
- DNKN and TSLA are setting up to break out either 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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