- Yi: +9.95
- Trying to bottom out at this level: RRGB and UNG
- Average oversold: CPB
- Moderately oversold: CANE and WEAT
- Trying to hold rising trend line support: DM and TSLA
- Up against the 65 DMA: B, BBGI, GS, JPM, PNC, TGT, TILE, YETI
- Up against the 28 DMA: BBBY, CMG, DWDP, I, MJ, PETX
- Up against falling trend line resistance: GBTC, M, UGA
- Moderately overbought: KSS
- Average overbought: KOLD and UGP
- Going parabolic: CEF, IAU, JNUG, UGLD
- A break out either way is on the way for: COWTF
- 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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