- Yi: +14.22
- Attempting to bottom out at this level: M and TLRD
- Moderately oversold: DNKN and GS
- Attempting to hold the 65 DMA: F
- Attempting to hold the 28 DMA: MU and SHAK
- Up against the 28 DMA: AAPL and IDA
- Up against falling trend line resistance: KR, MANT, $NDX, QLD, SVXY
- Moderately overbought: AMP, CG, COF, DNB, JPM, UIS, XRX
- At the average overbought level: AMTD and SCHW
- Toppy: TUP
- A break out either way is on the way for: CAL, GF, GLW, IYE, T, TWTR, V, XLE, $XOI, XOM
- 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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