- Yi: +23.55
- Attempting to bottom out at this level: AA, CANE, GE, LPL, STMP
- At the average oversold level: BBBY, NDAQ, SGGFF
- Moderately oversold: AMAT, CRUS, D, GG, GS, KLIC, NEM, MS, MTSI, PEG, PPC, SCHH, TSN, WEC, WOR
- Trying to hold rising trend line support: CVY, FLR, GT, MMC, NCR, PEP
- Attempting to hold the 65 DMA: IYJ
- Attempting to hold the 28 DMA: AFL, AXP, APD, CSIQ, EMR, JNJ, RGLD, $SUGAR, TD
- Up against the 28 DMA: JJGTF and UGP
- Up against falling trend line resistance: CAKE and FB
- Moderately overbought: UNG
- Getting toppy: CLF
- A break out either way is on the way for: COST and YUMC
- 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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