- Yi: +18.35
- Average oversold: CTB and HAS
- Moderately oversold: AXP, BA, LMT, X
- Trying to hold rising trend line support: SCHD, TILE, TXN, WFC
- Attempting to hold the 65 DMA: MSFT, MBI, UYG
- Attempting to hold the 28 DMA: SOYB and UUP
- Up against the 28 DMA: UGA
- Up against falling trend line resistance: BKS and PPC
- Moderately overbought: EQIX and PYPL
- Extremely overbought: Z
- Toppy: CAR and WDC
- A break out up or down is on the way for: ANF, USL, USO, $WTIC
- Anything posted could 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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