- Yi: +23.08
- Moderately oversold: QID
- Attempting to hold the 65 DMA: $USD and UUP
- Up against the 65 DMA: AA, ATI, CC, EFV, FXI, NFLX
- Up against the 28 DMA: AU, BBGI, $CRB, EGPT, GE, GLD, JJNTF, RRGB
- Up against falling trend line resistance: GT and TXN
- Up against rising trend line resistance: IJH and MANT
- Moderately overbought: C, CAT, CRUS, DE, $DJW, GF, GS, IQV, IYG, IYJ, KOLD, MAN, MMM, NDAQ, $NDX, NOK, QLD, SMH, TWTR
- At the average overbought level: MSI, SCHB, SCHD, SCHK, SCHX, $SPX
- Getting toppy: MED and NS
- 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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