- Yi: +20.21
- Attempting to bottom out: APD, AU, F, GE
- Extremely oversold: BBGI
- Average oversold: PTEN
- Moderately oversold: CALM and CNK
- Trying to hold rising trend line support: D
- Attempting to hold the 65 DMA: AEM
- Attempting to hold the 28 DMA: I
- Up against the 65 DMA: CW, MAN, MS
- Up against the 28 DMA: DE
- Up against falling trend line resistance: BBL, JJOFF, LM
- Up against rising trend line resistance: PAYX and $SPX
- Moderately overbought: AMTD, BAC, DUST, IYG, JPM
- Average overbought: CLF
- Extremely overbought: IQV
- Getting toppy: AVAV, CSX, GDDY, GPC, HD, NSC
- A break out either way is on the way for: BGS, IP, JACK
- 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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