- Yi: +21.86
- Trying to bottom out: IDA and SOYB
- Average oversold: IDA
- Moderately oversold: COW, EQIX, FLO, GBTC, HRB, HRL, JO, KMB, NTES, $SUGAR, UL
- Attempting to hold the 28 DMA: SEE
- Up against the 28 DMA: AGX and IQV
- Up against falling trend line resistance: DM, GM, IQV, TSLA
- Up against rising trend line resistance: CVS, $HGX, IWM
- Moderately overbought: ANF, B, FSLR, HBI, HD, JCP, JNJ, IJR, MET, $NYA50R, $PLAT, QVCA, TAP, WOR, Z
- Average overbought: COF, ETN, LEN
- Going parabolic: $INDU
- A break out either way is on the way for: SFIX
- 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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