- Yi: +17.69
- Attempting to bottom out: MBI and $PLAT
- Average oversold: EROS
- Moderately oversold: MBI
- Trying to hold falling trend line support: $GASO
- Attempting to hold the 65 DMA: LEN
- Trying to hold the 28 DMA: TAP
- Up against the 28 DMA: COPX and I
- Up against the 65 DMA: JNUG and PYPL
- Up againsr falling trend line resistance: SIL
- Moderately overbought: CSX, DRI, FCX, NTES, TPX
- Average overbought: CAR
- Toppy: BBY and KOLD
- Possible top in place for: BA, $DJW, $INDU, KSS, $NYXBT, STX
- A break out either way is on the way for: RAIL and SMH
- 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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