- Yi: +15.97
- BBBY is possibly forming a bottom here.
- COH is trying to bottom out.
- KMB and NCR are oversold.
- GEF, HPE, HRL, NDAQ, PEGI, PG, and PTEN are moderately oversold.
- AVAV, MED and SNAP are trying to hold rising trend line support.
- AAPL is attempting to hold the 65 DMA here.
- AA, ATI, RSX and XLE are attempting to hold the 28 DMA.
- TAP is up against the 28 DMA.
- ALL, CTB, DRI, GLW, JACK and QVCA are up against falling trend line resistance.
- DFS, MMC, MCHP and TPX are up against rising trend line resistance.
- AIG, CAKE, GPC, IDA, SHAK and USB are moderately overbought.
- HMC is getting toppy here.
- $INDU has gone parabolic!
- BABA and POT are setting up to break poy either up or down.
- Anything posted here may be off base of course due to market conditions and or human error.
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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