- Yi: +20.04
- Trying to bottom out: CBRL and WHR
- Extremely oversold: F
- Average oversold: ABX, FB, GG, MJ
- Moderately oversold: AEM and TILE
- Trying to hold falling trend line support: FSLR and SGGFF
- Attempting to hold the 28 DMA: EYE
- Up against the 65 DMA: $GASO and YUMC
- Up against the 28 DMA: AVP, CAR, CHK (at the high of the day), MGA, PEGI, S
- Up against falling trend line resistance: $GASO, RJI, $XOI
- Up against rising trend line resistance: CRUS, MSI, SDY
- Moderately overbought: CL, EMR, ETN, FLR, GF, KMB, MMM, MOS, PAG, PPG, RAIL, SWK, TGS, UGA, USB, USL, XLNX
- Average overbought: B, IR, NSC, UTX,
- Getting toppy: A, AMTD, CREE, CW, NSC, SCHB, SCHD, SCHK, SCHX, $SPX, UYG, VDIGX
- Possible top here for: GOOG
- A break out either way on the way for: KSS and SYMC
- 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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