- Yi: +21.94
- Attempting to bottom out in this area: CANE, GBTC, $SUGAR
- At the average oversold level: SNAP
- Moderately oversold: AMTD and FB
- Trying to hold rising trend line support: MBI, MKC, MOS
- Attempting to hold the 28 DMA: $USD and V
- Up against the 65 DMA: PTEN
- Up against the 28 DMA: CAKE
- Up against falling trend line resistance: AA, DE, EFV, ETN, F, FNDF, $HGX, LEN, MTSI
- Up against rising trend line resistance: PAG and XLY
- Moderately overbought: ANF, B, CMI, FL, FLR, IJH, IWM, IYG, IYJ, KSS, LOW, MDC, MDY, MJ, PHI, PPG, TPX
- At the average overbought level: EMR, IJR, PAYX, SNA
- Getting toppy in this area: BBY, CSX, CTB, IR, NSC, SCHD, SDY, WBA, YUM
- Possible top here for: AVAV
- Going parabolic: IRBT
- A break out either way is on the way for: GOOG and SHAK
- 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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