- Yi: +13.50
- ITW, PPG and SEE are attempting to bottom out.
- GOOG, JJG, MOS, NOV, P, TKR, TSLA, WEAT and X are moderately oversold.
- AEM is attempting to hold the 65 DMA.
- CENX, RYE and SMG are attempting to hold the 28 DMA.
- HD is up against the 28 DMA.
- HRB is up against the 65 DMA.
- ABX, APD, C, LOW, MTH, NOK, $SUGAR and TRV are moderately overbought.
- FXI, FXT, LL and XRX are at the average overbought level.
- BBY, DBP, FSLR, $GASO, PG and YYY are toppy.
- B, BBBY and HPQ 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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