- Yi: +19.92
- Trying to bottom out: ANF, JNUG, $XAU
- Extremely oversold: NUGT and SHLD
- Average oversold: LL, RGLD, REMX, SMG, TWTR
- Moderately oversold: BABA, BB, BR, COF, FNG, MDC, NFLX, P, PYPL, RGR, RRGB, SFIX, SHAK, SNAP, SYY, VOX, Z
- Trying to hold rising trend line support: CSCO, GDDY, GOOG, $INDU, $NDX, NTES, NVDA, PFF, QLD, QQQ, STMP, TROW, VOT, XLK
- Trying to hold falling trend line support: CANE
- Attempting to hold the 65 DMA: DNB, HAS, MSI, ORCL
- Attempting to hold the 28 DMA: AAPL, AMZN, V
- Up against falling trend line resistance: GT and MET
- Moderately overbought: $DJTENG, DB, GT, PAG, PEGI, PM, PRU, RYE, SU
- Average overbought: NVS
- Getting toppy: GS
- A break out either way is on the way for: UUP
- 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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