- Yi: +16.16
- Trying to bottom out: NAT
- Moderately oversold: $USD and UNG
- Trying to hold rising trend line support: FLR
- Up against the 65 DMA: UL
- Up against falling trend line resistance: HA and YYY
- Moderately overbought: AQUA, FAST, SCHK, USL, USO, VOX, $WTIC, X
- Average overbought: FNG, LEN, OIL, PX, XLY
- Toppy: AHH, CWI, DBO, $DJW, IJH, MAT, MDY, NUS, QCOM, QLD, SCHB, TWTR, VFC, VOT
- Possible top here for: $HGX
- Break out either way on the way for: F, NFLX, SMG
- 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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