- Yi: +22.75
- Attempting to bottom out at this level: AQUA, DF, RAIL, TAP, UGP
- At the average oversold level: STMP
- Moderately oversold: FL, KR, $UST30Y, WHR
- Trying to hold rising trend line support: CBRL and DBC
- Attempting to hold the 28 DMA: CAKE and DWDP
- Up against falling trend line resistance: CG, GEF, IYE, LM, MGA
- Up against rising trend line resistance: MSFT
- Moderately overbought: AFL, AOD, B, CW, EQIX, HAS, GLW, MRK, MTH, NUS, PFE, SVXY, SWK, UTX, XRX
- At the average overbought level: AXP, ROK, SDY
- Getting toppy: AVAV, ETN, WSO
- Possible top here for: QCOM
- A break out either way is on the way for: CSL
- 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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