- Yi: +19.67
- Trying to bottom out: BNS
- Average oversold: HRB
- Moderately oversold: IDA and RSX
- Trying to hold rising trend line support: CSL
- Attempting to hold the 28 DMA here: INTC and MJ
- Up against the 28 DMA: BBY, CNK, CSCO
- Up against falling trend line resistance: CBRL, CRUS, KMB
- Up against rising trend line resistance: MSI
- Moderately overbought: A, BIDU, CHD, DLPH, DRI, HAS, HBI, KO, MBI, NTES, RRGB
- Average overbought: IRBT, MAT, $NYA50R
- Getting toppy here: COST, DNB, DNKN, HD, IJR, IYG, LOW, $NDX, NTAP, PAYX, QQQ, QLD, SCHD, SCHK, SCHX, SYY
- A break out either way is on the way for: DB, DBP, GDX, MAN, SCHW
- 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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