- Yi: +18.64
- Trying to hold rising trend line support: HAS
- Trying to hold the 28 DMA: AET
- Up against the 28 DMA: CC, $DJGSP, FNG
- Up against the 65 DMA: AMAT and BGS
- Up against falling trend line resistance: CAT, BIDU, CLF, JNUG
- Up against rising trend line resistance: BAC and $DJW
- Moderately overbought: AXP, CBRL, CL, COPX
- Average overbought: AVAV, CAR, COF, DFS, FCX, GOOG
- Extremely overbought: GBTC
- Toppy: CLX and $FTSE
- A break out in either direction is on the way for: IR
- 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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