- Yi: +13.5
- Attempting to bottom out in this area: JJNTF
- Up against the 65 DMA: DRI, DWDP, LMT
- Up against the 28 DMA: EMR, FLO, HBI, $INDU, KR, MOS, PAYX, RAIL, SDY, TSLA
- Up against falling trend line resistance: B, DWDP, LIN, MCHP
- Moderately overbought: AVP, BA, BBY, CANE, CC, CSIQ, CVY, DNKN, EGPT, EROS, IDA, INTC, IRBT, ITW, IWM, KSS, LEN, $NYA50R, MANT, NTES, NTR, RRGB, SGGFF, SHAK
- Average overbought: CIEN
- Toppy: FL
- A break out either way is on the way for: MRK
- Anything posted 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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