- Yi: +13.26
- Moderately oversold: CLF, CPER, $COPPER, JJN, PEP, SFTBY, TAP
- Trying to hold rising trend line support: EQIX, FB, $FXT
- Attempting to hold the 65 DMA: DNB and SNAP
- Attempting to hold the 28 DMA: CAR, Q, RGLD, X
- Up against the 28 DMA: MDC
- Up against falling trend line resistance: T
- Up against rising trend line resistance: CW
- Moderately overbought: AMAT, BRKS, CSIQ, DBO, FLR, $INDU, ITW, LPL, MRVL, PEGI, RYE, XOM
- Average overbought: CG, DWDP, GM, MCHP
- Toppy here: AMAT, BRKS, $DJTENG, SU, XLNX, XOM
- A break out in either direction is on the way for: SHLD
- 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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