- Yi: +18.33
- Trying to bottom out at this level: AMTD, BB, BWA, CAR, HA, $NYXBT, RRGB, WOR
- Extremely oversold: TGS
- Average oversold: GT
- Moderately oversold: ANF, CBRL, F, IP, $NYA50R, RGR
- Trying to hold rising trend line support: FB
- Trying to hold falling trend line support: BAC and SWK
- Attempting to hold the 65 DMA here: GM, NS, PAG, TPX
- Attempting to hold the 28 DMA here: BGS, FB, JACK, NFLX
- Up against the 28 DMA: AA
- Up against falling trend line resistance: KO and MMC
- Up against rising trend line resistance: AVAV
- Moderately overbought: KMB
- At the average overbought level: CLX and SCHH
- Getting toppy: AVAV, OILU, USL, USO, $WTIC
- A break out up or down is setting up for: MTSI, NCR, NDAQ, PEGI, X, XLB
- 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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