- Yi: +17.55
- Average oversold: BRKS
- Moderately oversold: AGQ, AEM, BIDU, EQIX
- Trying to hold rising trend line support: $COPPER and CRUS
- Trying to hold the 28 DMA: CREE and CSIQ
- Up against the 65 DMA: BBBY and CAR
- Up against falling trend line resistance: CHK, CLF, CORN
- Up against rising trend line resistance: AMTD, APD, EFV
- Moderately overbought: AET, AXP, B, BAC, C, CMG, CNK, BBGI, BBY, CBRL, COF, CSX, CTB, CVS, CVY, DAL, DF, DNKN, DPS, DRI
- Average overbought: AHH, ALL, BGS, CAKE, CLX, CSL
- Toppy: AFL, CAL, CALM
- A break out either way on the way for: AQUA
- 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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