- Yi: +18.64
- Attempting to bottom out: NAT
- Moderately oversold: IQV, MMC, PPC, SCHH, SOYB
- Trying to hold rising trend line support: A, CMG, IDA, $NYXBT, SMG
- Attempting to hold the 65 DMA: BBBY, GBTC, HRL
- Attempting to hold the 28 DMA: HBI, MCD, MMM, NTAP
- Up against the 28 DMA: BNS, DYN, NOK, SGG
- Up against the 65 DMA: CEF
- Up against falling trend line resistance: NEM
- Up against rising trend line resistance: FNDF, MOS, PTEN, RRGB
- Moderately overbought: CANE, IR, JWN, LEN, NOV, RYE, $SUGAR, XLE
- Average overought: FCX, IRBT, IYE, LOW, RS, SNA, TGT, X, $XOI
- Toppy: DNKN, DPS, HSNI
- A possible top here for: BBGI and MGA
- A break out up or down is setting up for: AAPL, CNK, CW, EWI, FSLR, PPG, TILE
- 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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