- Yi: +18.55
- Possible bottom here for: $GASO
- Attempting to bottom out at this level: JJNTF
- Extremely oversold: RAIL
- At the average oversold level: DBO, OILU, RGR, UGA, USO, $WTIC
- Moderately oversold: ALL, $CRB, D
- Attempting to hold the 28 DMA: $VIX
- Up against the 65 DMA: COPX, FXI, HMC, IR, IRBT, MS, REMX, SDY
- Up against the 28 DMA: AA, AET, AMAT, ARNC, AXP, BA, BABA, BBY, BIDU, CMI, CSX, CVS, DWDP, EWA, FCX, GPC, HAS, $HGX, KLIC, LEN, MAN, MAT, MBI, MCHP, MET, MOS, MTSI, NSC, NTAP, P, PEGI, PTEN, ROK, S, SFIX, SMH, SNAP, VFC, X, XLB
- Up against falling trend line resistance: AMTD, BABA, BMY, C, CG, CLF, DE, FCX, GDDY, GT, LM, LOW, MMC, MMM, SEE, UYG, WFC
- Up against rising trend line resistance: CLX, NVS, PETX
- Moderately overbought: CRUS, DAL, JNJ, MMC, NCR, PPG, PNC, WYND, XRX
- At the average overbought level: CTB, SBUX, XLNX
- Toppy: CTB, KDP, MKC, WBA, XLNX
- A break out either way is on the way for: RGLD
- 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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