- Yi: +15.8
- S is trying to bottom out in this area.
- NAT, P and WHR are oversold.
- AMZN, BBGI, CLF, PEGI and PG are now moderately oversold.
- VGK is attempting to hold the 28 DMA.
- ANF and JCP are up against the 28 DMA.
- STX is moderately overbought.
- TGT, TKR and VFC are overbought now.
- SWK is extremely overbought.
- HPQ, JNJ, MAIN, TRV and TXN are getting toppy here.
- MMM has gone parabolic!
- LL and MKC are setting up to break out 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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