- Yi: +16.97
- Trying to bottom out: A, EQIX, FNG, JJN, NVDA, SMH
- Average oversold: CC and NOK
- Moderately oversold: $COPPER, CPER, DBP, GLDI, $GOLD, MDC, MSI, NIB, ORCL
- Trying to hold rising trend line support: MMM
- Trying to hold falling trend line support: AAPL and ETN
- Attempting to hold the 65 DMA: AHH
- Attempting to hold the 28 DMA: BR, FXF, LMT, MAN
- Up against falling trend line resistance: SNAP
- Average overbought: SHAK
- Toppy: AXP, DRI, GPC
- A break out either way is on tye way for: MED
- 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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