- Yi: +15.34
- Possible bottom here for: GE
- Trying to bottom out: BBBY, DIS, LPL
- Oversold: CVS
- Moderately oversold: AET
- Attempting to hold the 28 DMA: AMTD and F
- Up against the 28 DMA: AVP, DBP, $GOLD, IAU
- Up against falling trend line resistance: NTES
- Up against rising trend line resistance: $CRB
- Moderately overbought: CL, HPQ, JJN
- Overbought: DNB and MCD
- Toppy: A, APD, AXP, BA, CAT, CEF, CW, LMT
- Possible top here for: MDC and MTH
- 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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