- Yi: +16.32
- AVAV is trying to bottom out.
- XOM is moderately oversold.
- MANT, MSFT and SPWR are attempting to hold the 65 DMA.
- EQIX and V are attempting to hold the 28 DMA.
- WHR is up against the 28 DMA.
- I, NCR and PEGI are up against the 65 DMA.
- GBTC, HRB, $NYA50R, SIL and TPR are up falling rising trend line resistance.
- BNS, DE, MRVL and MU are up against rising trend line resistance.
- BGS, CAL, CAKE, CPB, CREE, DLPH, KR, NTES and XLY are moderately overbought.
- $HGX is extremely overbought.
- DB is getting toppy.
- CVS, NFLX, PRELF and ORCL are setting up to break out either 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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