- Yi: +22.53
- Trying to bottom out: GE and PETX
- Average oversold: P
- Trying to hold rising trend line support: CSL, MTSI, PPLT
- Trying to hold falling trend line support: S
- Attempting to hold the 65 DMA: DIS and GM
- Attempting to hold the 28 DMA: AEM
- Up against the 28 DMA: AFL, KMB, PEG, PPC
- Up against falling trend line resistance: CNK, HAS, MET, SNAP
- Up against rising trend line resistance: AMTD, BAC, CVY, FL, IWM, IYG, LOW, M, NOW, $UST30Y
- Moderately overbought: BBBY, C, CVS, KO, MCD, PEP, SYY, TSLA
- Average overbought: A, AET, ANF, BBY, CL, EWI, HD, MAN, MSFT
- Toppy: BR, PYPL, TGT, TSM
- A break out either way is on the way for: MTH
- 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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