- Yi: +19.4
- A possible bottom here for: GM
- Average oversold: FAT and IP
- Trying to hold falling trend line support: COW
- Up against the 28 DMA: GLW, HSY, LEN, LL, LM
- Up against the 65 DMA: A, F, FSLR, MCIG
- Up against falling trend line resistance: BABA, FEU, $HGX
- Up against rising trend line resistance: AMTD
- Moderately overbought: APD, IJH, IJR, IWM, KLIC, MDY
- Average overbought: AMTD, ANF, HPQ
- Toppy: HPE
- A break out up or down is on the way for: COPX, DBO, DRI, EROS
- 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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