- Yi: +24.09
- Attempting to bottom out in this area: EGPT and $NYXBT
- At the average oversold level: KOLD and SPXU
- Moderately oversold: CAL, NOV, $USD
- Attempting to hold the 28 DMA: IDA
- Up against the 28 DMA: DIS, DLPH, KLIC
- Up against falling trend line resistance: BJO, DB, MTSI
- Up against rising trend line resistance: LOW, MMM, MOS, V
- Moderately overbought: ALL, C, CMI, $DJW, EFV, FEU, FNDF, GT, HBI, HMC, IP, IYE, JPM, MBI, NTES, OILNF, OILU, ORCL, PETX, $PLAT, QRTEA, RSX, RY, TD, TGS, TKR, TRV, TUP, UNG, USL, UYG, WYND, XLNX, XRX, YYY, XLB, XLE
- At the average overbought level: B and WBA
- Getting toppy: AET, B, ETN, MRK, PPG, ROK, SCHD, SWK
- Going parabolic: IYJ
- A break out either way is on the way for: I, MAIN, RRGB, TSM
- 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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