- Yi: +19.85
- Trying to bottom out in this area: QLD and $VIX
- Moderately oversold: SHAK
- Attempting to hold the 65 DMA: TPX
- Attempting to hold the 28 DMA: CAKE
- Up against falling trend line resistance: CSIQ and GE
- Up against rising trend line resistance: SU
- Moderately overbought: CRUS, EYE, GOOG, IQV, KLIC
- Getting toppy: DNKN, GILD, HAS
- A break out up or down is setting up for: MTSI and RAIL
- Anything posted on these pages 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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