- Yi: +18.4
- Trying to bottom out: MCD
- Average oversold: CAFE
- Moderately oversold: CBRL
- Trying to hold rising trend line support: $GOLD and QCOM
- Up against the 28 DMA: KLIC, NTES, TROW, TSN
- Up against the 65 DMA: GBTC, LM, PFF, TXN, XLNX
- Up against falling trend line resistance: CALM, CREE, NUS
- Up against rising trend line resistance: AMAT
- Moderately overbought: AVP, CMG, CREE, MMC, MOS, MRVL, MU, NOW, QQQ, QLD, SMH, WDC
- Toppy: GDDY, UIS, WDC
- Anything posted 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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