- +18.94
- Attempting to bottom out in this area: PHI
- Extremely oversold: STMP
- At the average oversold level: CVS
- Moderately oversold: MANT and TSLA
- Trying to hold rising trend line support: KDP, RY, WBA
- Attempting to hold the 65 DMA: UGP
- Attempting to hold the 28 DMA: GOOG, KR, MED, OC
- Up against falling trend line resistance: BGG and CLX
- Moderately overbought: HSY, LBAI, MCD, MSFT, NEM, PBI, $PLAT, PPLT, S, X
- At the average overbought level: LIN, PEG, PPG, RS
- Toppy: KLIC, RS, TPX
- Possible top here for: SMG
- A break out either way is on the way for: QRTEA and SHAK
- 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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