- Yi: +14.75
- Trying to bottom out in this area: BWA, FCX, LPL
- At the average oversold level: B, CMI, COF, LL, LMT, NCR, $PLAT, TAP, UTX
- Moderately oversold: ANF, CEF, COPX, CW, DBP, FSLR, $GOLD, STX, TPR, UGLD, WYN, YUMC
- Trying to hold rising trend line support: ALL, CC, NEM
- Attempting to hold the 65 DMA here: FNDF and $XAU
- Attemting to hold the 28 DMA: MED, KR, MSI, SHLD
- Up against the 28 DMA: BB, CG, CRUS
- Up against falling trend line resistance: AAPL, AU, AHH, BRKS, GFI, TKR
- Moderately overbought: DBA, JJGTF, TSLA, $USD, WEAT
- Toppy here: CORN and V
- A break out up or down is setting up for: BR, NVDA, $VIX, VOT
- 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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