- Yi: +22.07
- Attempting to bottom out in this area: BGS, FXF, SEE
- Extremely oversold: SNAP
- At the average oversold level: $HGX, LEN, MTH
- Moderately oversold: BBY, BGS, CL, FNG, FXF, HBI, HD, IWM, KSS, MAIN, MANT, MAT, MDY, $NYA50R, PFF, PYPL, TGS, TLRD, UL, WSO, XLY
- Trying to hold rising trend line support: CHT, GDDY, PPG
- Trying to hold falling trend line support: AQUA
- Attempting to hold the 65 DMA: GDDY, PAYX, SYY, VFC
- Attempting to hold the 28 DMA: AAPL, BNS, IQV, PG, REMX
- Up against the 28 DMA: ALL and USB
- Up against falling trend line resistance: CMG
- Moderately overbought: PRU, $USD, UUP
- Getting toppy: MOS
- A break out either way is on the way for: GFI
- 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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