- Yi: +18.32
- Moderately oversold: COWTF
- Trying to hold rising trend line support: DRI
- Attempting to hold the 65 DMA: KR
- Attempting to hold the 28 DMA: CPRI
- Up against the 65 DMA: FXF
- Up against falling trend line resistance: CAKE
- Up against rising trend line resistance: CWI
- Moderately overbought: BNS, CAT, COF, $CRB, EROS, FEU, FNDF, KLIC
- Average overbought: ATI, AVP, CAR, $COPPER, COPX, ETN, EGPT, FCX, FL, GDDY, MOS
- Toppy: AFL, ALL, AQUA, BA, BBBY, BRKS, CIEN, CSCO, CSX, CVY, DBC, DFS, EQIX, GF, GFI, IJH, IJR, $INDU, IRBT, IWM, $SPX
- A break out either way is on the way for: BIDU, BR, CAL
- 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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