- Yi: +23.64
- Average oversold: $HGX, LEN, SIRI
- Moderately oversold: BGS, CMG, IYE, JWN, KSS, MDC, SCHH, SGGFF, TPR
- Trying to hold rising trend line support: COF, IP, IR, QCOM
- Trying to hold falling trend line support: GBTC
- Attempting to hold the 65 DMA: MAT and RGR
- Attempting to hold the 28 DMA: AET, CW, DNB, HSY, P, PAYX, PPG
- Up against falling trend line resistance: BB
- Moderately overbought: CHK, $CRB, DBC, UGA, $WTIC, XLE, $XOI
- Average overbought: RYE, OILNF, USL, $UST3M
- Getting toppy: AIG and CSCO
- A break out either way is on the way for: DBP, IAU, RAIL, SYY, VOT
- 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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