- Yi: +18.5
- Trying to bottom out: CTB, GT, HAS, JCP, XOM
- Average oversold: GFI and MAT
- Moderately oversold: AQUA, BBY, C, CLX, DWDP, JACK, MTSI, SMG, SNAP, UGP, XLB
- Trying to hold rising trend line support: JWN, NCR, PTEN, SIL, UNG, $XOI
- Trying to hold falling trend line support: FXP
- Attempting to hold the 65 DMA: CAKE, $DJW, GILD
- Attempting to hold the 28 DMA: AGX, ATI, CC, DBA, NOK, RS
- Up against the 28 DMA: VFC
- Up against falling trend line resistance: MGA
- Moderately overbought: BABA, MCD, NTES
- Toppy: Z
- A break out in either direction is on the way for: HMC and $INDU
- 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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