- Yi: +22.78
- Trying to bottom out: PM
- Extremely oversold: SLV
- Average oversold: JJNTF, NEM, RAIL, STX
- Moderately oversold: ABX, $COPPER, EFV
- Trying to hold rising trend line support: CRUS
- Attempting to hold the 65 DMS: CMG, GOOG, MRK
- Attempting to hold the 28 DMA: ADP, AVP, B, CL, CW, GS, PG, RY
- Up against the 28 DMA: BBBY
- Up against rising trend line resistance: AET
- Moderatelu overbought: DNKN
- Average overbought: HD and JWN
- Getting toppy: AAPL and NVDA
- A break out either way is on the way for: FL
- 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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