- Yi: +23.29
- Attempting to bottom out in this area: CC, GS, HA, RRGB
- At the average oversold level: AQUA and LBAI
- Moderately oversold: EGPT, HRB, JACK, MS, PNC, RRGB, WFC
- Attempting to hold the 65 DMA: BAC
- Up against the 28 DMA: CMG and EFV
- Up against falling trend line resistance: XLE
- Up against rising trend line resistance: A
- Moderately overbought: CAT, CL, CW, FNG, $INDU, NOW, NVS, PEG, PEP, S, SFTBY, TSN, V
- At the average overbought level: ETN and HSY
- Getting toppy: GDDY, JNJ, MSFT, P
- Going parabolic: AVAV
- A break out in either direction is on the way for: IWM
- 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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