- Yi: +22.8
- Trying to bottom out: FXP, GE, UUP
- Extremely oversold: SHLD
- Average oversold: LBCC
- Moderately oversold: DF and SNAP
- Attempting to hold the 65 DMA: APD, CAT, $UST3M
- Up against falling trend line resistance: BGS
- Up against rising trend line resistance: TILE
- Moderately overbought: AFL, DNB, INTC, IQV, IR, MMC, MOS, MKC, ORCL, WSO, Z
- Average overbought: LMT, MSFT, MMM
- Toppy: BABA, C, CENX, CG, COST, DWDP, DYN, EWI, GDDY, $INDU, JPM, MDLOX, MSI, NOW, SYY, TRV, V
- A break out either way is on the way for: CALM, MU, $NYXBT, PTEN, TAP, TPX
- 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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