- Yi: +19.1
- Attempting to bottom out at this level: IBM and JNUG
- At the average oversold level: FXF
- Trying to hold falling trend line support: HBI
- Attempting to hold the 28 DMA: $GOLD
- Up against the 65 DMA: EBAY and IYG
- Up against the 28 DMA: CG, FB, JPM, IRBT, MAIN
- Up against falling trend line resistance: CSX, GDDY, NCR
- Moderately overbought: CRUS, GS, HRL, KO, MTH, MRK, NDAQ
- 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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