- Yi: +16.83
- ASA, CMI, $DJTENG anf FAT are trying to bottom out.
- CBRL, CENX, JNJ and KO are moderately oversold.
- AGQ and CPB are trying to hold rising trend line support.
- BBGI is up against the 28 DMA.
- DF, DFS, JPM and MCHP are up against the 65 DMA.
- A and MAN are up against rising trend line resistance.
- A, AFL, DNB, GF, GM, HPE, HRL, JNPR, JCP, JWN, KSS and LPL are moderately overbought.
- ANF, CALM, DE and GDDY are average overbought.
- HSNI is toppy.
- DB is possibly forming a top.
- $DJGSP, DUST, GDX and GILD 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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