- Yi: +21.37
- Possible bottom here for: QID
- Trying to bottom out: KOLD and X
- At the average oversold level: AQUA, BABA, BIDU, MGA
- Moderately oversold: AMP and STX
- Trying to hold rising trend line support: RYE and XLE
- Attempting to hold the 28 DMA: BALTF
- Up against falling trend line resistance: CEF and CHT
- Up against rising trend line resistance: CMG and VFC
- Moderately overbought: DNKN, JACK, M, PYPL, UNG, V, WEC, WEN
- At the average overbought level: DNB, EYE, IDA
- Getting toppy: CMG, IDA, MSFT, QLD, XLK, XLY
- Possible top here for: CREE and GPC
- A break out either way is on the way for: AU, GBTC, LPL, TWTR
- 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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