- Yi: +23.8
- Moderately oversold: AMZN, BBGI, CAKE, CMG, JWN, MANT, NVDA, SFIX
- Trying to hold rising trend line support: DE and EYE
- Attempting to hold the 65 DMA: DRI and EYE
- Attempting to gold the 28 DMA: GDDY
- Up against the 28 DNA: FSLR
- Up against falling trend line resistance: BBL, DB, OILU
- Moderately overbought: AU, BNS, CG, $COPPER, COPX, CSCO, GILD, HPE, JNPR
- At the average overbought level: SBUX
- Getting toppy: AFL, APD, AXP, BA, EFV, EWI, FNDF, $INDU, LOW, MET, MMM, PFE, QRTEA
- A break out either way is on the way for: $GOLD
- 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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