- Yi: +14.16
- Moderately oversold: FXF
- Trying to hold rising trend line support: AU
- Up against the 65 DMA: AQUA, CSCO, EMR, HAS, HBI, HPE, IJR, IWM, JPM, LL, MAN, $NDX
- Up against falling trend line resistance: JJGTF and LMT
- Moderately overbought: AVP, DRI, FCX, IQV, IYJ, KR, LM
- Average overbought: EBAY
- Toppy: A, AMP, AMTD, BAC, BNS, C, FL, GM, GS, IJH, IYG, MDY, MET, NS, NSC
- Possible top here for: $DJW
- A break out either way is on the way for: AEM and GBTC
- 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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