- Yi: +16.27
- Moderately oversold: AA, CHK, CNK, DB, HMC, NTES, $PLAT, PAG, SCHW, SNA, TPR, TWTR
- Trying to hold rising trend line support: CAT, GFI, GOOG, LEN, MRVL, NDAQ, $NDX, QLD, QQQ, RS, SOYB
- Attempting to hold the 65 DMA: LIN
- Attempting to hold the 28 DMA: EFV, EWI, FNDF, FNG, FSLR, GS, HAS, IYE, LL, MGA, PHI, OILU, PRU, RGLD, TKR, TSN, USO, $WTIC, XLB, XLE, $XOI
- Up agsinst falling trend line resistance: UGA
- Moderately overbought: DRI, IDA, IRBT, $USD
- At the average overbought level: MSI and SHLDQ
- Toppy: SEE and YUMC
- A break out either way is on the way for: AU
- 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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