- Yi: +18.85
- Trying to bottom out: BGS, FAT, JCP
- Trying to hold the 65 DMA: AGX, BBY, LMT
- Up against the 28 DMA: AVAV, CBRL, FEU, FNDF, IRBT, MGA
- Up against falling trend line resistance: ABX and HA
- Up against rising trend line resistance: AAPL
- Moderately overbought: ATI, CSCO, FSLR, GILD, JNJ, KLIC, LM
- Average overbought: CAR
- Toppy: AMTD, BRKS, EGPT, IJR, IQV, IWM, MDY, MS, $NDX
- A possible top here for: AMZN
- A break out up or down is on the way for: AET, ACQ, $CRB, $GASO, $GOLD, JACK
- 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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