- Yi: +16.74
- A possible bottom here for: DPS and HBI
- Trying to bottom out: ANF, FL, IAU, MAT, NAT, RRGB, T, TPX, XRX
- Extremely oversold: M and S
- Average oversold: LL and SNAP
- Moderately oversold: AVP, B, CAL, CC, HSNI, IR, IP, KOLD, QVCA, TGT, $UST30Y, WOR
- Attempting to hold the 28 DMA: AGX, AMTD, BAC, COF, DFS, $FTSE, HPQ, MET, NFLX, UYG
- Up against falling trend line resistance: GLDI
- Moderately overbought: AHH, BA, GDDY, GLW
- Average overbought: MCD and MAIN
- Getting toppy: NVDA and SU
- A possible top here for: DE, $DJTENG, HMC
- A break out either up or down setting up for: CMG, CSL, IYJ, TGS
- 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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