- Yi: +21.27
- Trying to bottom out: BABA, COPX, NOK
- Attempting to hold the 28 DMA: LMT and $NYXBT
- Up against the 65 DMA: CORN
- Up against the 28 DMA: CHK and PFF
- Up against falling trend line resistance: DBO and JACK
- Up against rising trend line resistance: IJH and PAG
- Moderately overbought: CTB, DRI, GT, HA, IDA, IJR, IRBT, KR, LPL, MDY, $NDX, NTAP, ORCL, QLD
- Average overbought: DIS, JPM, $SPX
- Extremely overbought: NSC
- Possible top here for: AAPL and QCOM
- Getting toppy: ALL, AVP, BAC, DIS, MKC
- A break out either way is on the way for: BALTF, GE, HAS, JNJ, PPG
- 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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