- Yi: +13.72
- AMZN, EQIX, MSI and SPWR are attempting to bottom out.
- CANE, CENX, DRI, MCD, SGG, TWTR, WOR and YUM are moderately oversold.
- NOK is trying to hold falling trend line support.
- $DJW and VGK are attempting to hold the 65 DMA.
- NUS and SHAK are attempting to hold the 28 DMA.
- SNA is up against the 65 DMA.
- AHH is up against falling trend line resistance.
- BAC and COST are up against rising trend line resistance.
- AHH, CSX, GPC, HD, MET, NTAP, TILE, WSO and WHR are moderately overbought.
- BR, BWA, CAL, CSCO, HMC and NOV are getting toppy here.
- NAT is setting up to break out in either direction.
- 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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