- Yi: +15.85
- Trying to bottom out: FAT, HSY, RSX, SMG
- Average oversold: BMY
- Attempting to hold the 28 DMA: MAIN, MBI, STMP
- Up against the 28 DMA: DB, DBA, GE, RS, SCHB, SCHK, SCHX, $SPX
- Up against the 65 DMA: EFV, MET, NAT, PTEN
- Up against falling trend line resistance: CBRL and NFLX
- Up against rising trend line resistance: CALM
- Moderately overbought: MCIG, NEM, OILU
- Toppy here: AA, AVAV, DBO, SU, USL
- A break out up or down is setting up for: AMZN, DIS, $PLAT, PPLT, WDC
- 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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