- Yi: +15.4
- Trying to bottom out: CRUS and DE
- Extremely oversold: CANE
- Moderately oversold: DUST
- Up against the 28 DMA: HAS, MRVL, NFLX, NOK
- Up against the 65 DMA: GM, $NDX, QID
- Up against falling trend line resistance: SFIX
- Moderately overbought: AEM, AVAV, BAL, BWA, $CRB, DBO, $GASO, IYE, MGA, NOV, OIL, RYE, SHLD, SU, STMP, UGA, USL, USO, $WTIC, XLE, $XOI, XOM
- Toppy here: EGPT, FLO, MED
- A break out up or down is on the way for: B, BR, CLF, DNB, FL, HBI, LL, TILE, TPR
- Anything posted here 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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