- Yi: +15.28
- Attempting to bottom out at this level: $CRB, EYE, FCX, HD, NIB, NFLX
- At the average oversold level: CLF
- Trying to hold rising trend line support: CRUS and $VIX
- Trying to hold falling trend line support: BBL and DBA
- Attempting to hold the 65 DMA: SBUX
- Attempting to hold the 28 DMA: DRI and EGPT
- Up against the 28 DMA: AMP, CAR, MAT
- Up against falling trend line resistance: DE, DSW, LM, TWTR
- Moderately overbought: DAL and FL
- At the average overbought level: WHR
- A break out either way is on the way for: AGX, IP, ROK, SWK
- 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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