- Yi: +17.25
- Possible bottom here for: NIB and UGA
- Attempting to bottom out at this level: CHK, $GASO, KOL, NOK, NOV, NTR, X
- Moderately oversold: PPLT, QID, SPXU
- Trying to hold rising trend line support: SPXU
- Up against the 28 DMA: EMR, GILD, GF, HD, HPE, LMT, $NDX, QLD, QQQ, $SUGAR, XLK
- Up against falling trend line resistance: AAPL, AMZN, BAC, CEF, CIEN, CMG, HBI, IJR, IRBT, IWM, LOW, QLD, SCHD, SCHH, SCHK, SCHX, SDY, SGGFF, SHLDQ, SOYB, $SPX, SVXY
- Up against rising trend line resistance: GFI and MCD
- Moderately overbought: ANF, AFL, AMTD, BKS, CSCO, CREE, CVS, DE, FAST, FL, GPC, IQV, LEN, MDC, MSFT, MSI, NOW, PAYX, $PLAT, TPX, UGP, WSO, YUM
- At the average overbought level: A and AXP
- Toppy: A, AET, CSIQ, DAL
- 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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