- Yi: +13.15
- Moderately oversold: QID
- Up against the 65 DMA: AMAT, AVP, CMI, COPX
- Up against the 28 DMA: AGX, C, CHK, $CRB, F, GS, GT, HPE, JACK, LL, MTSI, MU, $NDX, NOV, NUS, NVDA, OILU, PNC, PTEN, QLD, QQQ, QRTEA, SCHD, SCHK, SCHX
- Up against falling trend line resistance: ALL, AMZN, CNK, GILD, GOOG, JCP, MCD, ORCL
- Moderately overbought: AMTD, AMZN, ANF, BBL, DE, FNDF, GE, GILD, HD, $HGX, HMC, IWM, LBAI, LEN, LL, LOW, MDC, MJ, MS, MTH, NFLX, NOW, PEGI, PRU, S
- Average overbought: CMG
- A break out either way is on the way for: HSY and QCOM
- 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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