- Yi: +18.40
- Trying to bottom out at this level: AGX and SFIX
- Moderately oversold: KOLD and WHR
- Attempting to hold the 65 DMA here: $DJW
- Attempting to hold the 28 DMA here: BNS
- Up against the 28 DMA: IDA and T
- Up against falling trend line resistance: $GOLD, $XAU, Z
- Up against rising trend line resistance: MSFT and WEAT
- Moderately overbought: AVAV, LOW, MSI, NFLX, SEE, UNG, VFC
- At the average overbought level: RGR
- Toppy here: PAYX
- A possible top here for: I and NUS
- A break out either upwards or downwards is setting up for: ANF, CALM, CG, CMG, CSCO, GOOG, SCHK, SCHX, $SPX, STMP, TGS, TSLA, WYN, XON, XRX
- 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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