- Yi: +21.62
- Trying to bottom out: EWI, $GASO, GFI, LEN, NUGT
- At the average oversold level: NFLX
- Moderately oversold: GILD
- Trying to hold rising trend line support: NOW and QCLN
- Trying to hold falling trend line support: AMAT
- Attempting to hold the 65 DMA: A
- Up against falling trend line resistance: $HGX
- Up against rising trend line resistance: IYJ
- Moderately overbought: APD, HPE, HPQ, IJR, KR, LMT, PAYX, RGR, SBUX, SCHD, SCHH
- At the average overbought level: MKC and SDY
- Getting toppy in this area: AAPL, IDA, KMB
- Possible top here for: AVAV
- A break out either way is on the way for: CSIQ
- 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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