- Yi: +15.1
- Trying to bottom out at this level: AAPL, MJ, NTES, Z
- Extremely oversold: CTB
- Average oversold: B
- Moderately oversold: AQUA and X
- Trying to hold rising trend line support: $SILVER
- Attempting to hold the 65 DMA here: CNK
- Up against the 28 DMA: D and HPQ
- Up against the 65 DMA: BNS and FAST
- Up against falling trend line resistance: AGX, CAR, SFIX, SOYB, TSLA, WY
- Up against rising trend line resistance: MAIN and SCHH
- Moderately overbought: AET, BIDU, CORN, DRI, EQIX, HD, JWN, MAT, MED, MET, SCHW, TROW, VFC, WEC, YUM
- At the average overbought level: AMZN, BBY, NDAQ, SHAK, STMP
- Toppy here: CMG, IDA, SYY
- A break out up or down is on the way for: CLF, EWA, FEU, MGA, NOW, ORCL
- 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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