- Yi: +19.05
- Moderately oversold: USO
- Trying to hold rising trend line support: FL and JWN
- Up against the 28 DMA: AVP, CLX, GS, JNPR, XRX
- Up against falling trend line resistance: AGX, CIEN, DNKN, DIS, NOK, QRTEA
- Up against rising trend line resistance: MKC
- Moderately overbought: SBUX
- Average overbought: WBA
- Toppy: I and WBA
- Anything posted 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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