- Yi: +21.23
- At the average oversold level: $VIX, X, Z
- Moderately oversold: AQUA and BRKS
- Trying to hold rising trend line support: GFI
- Attempting to hold the 65 DMA: SU
- Up against the 65 DMA: DE and XON
- Up against the 28 DMA: SYY
- Up against falling trend line resistance: T
- Up against rising trend line resistance: SCHB, SCHK, SCHX, $SPX
- Moderately overbought: A, ANF, AHH, BBY, BR, CC, CMI, COF, CRUS, CSX, EMR, HPE, MCHP, PAYX, PETX, TKR, TPX, TXN, V, XLK, XLNX, XLY, XRX, YYY
- At the average overbought level: TGT, TSLA, UYG
- Getting toppy: I, IJH, MDY, NSC, SDY
- A break out either way is on the way for: DB, $PLAT, SBUX
- 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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