- Yi: +16.83
- Trying to bottom out in this area: TUP
- Moderately oversold: DWDP
- Trying to hold rising trend line support: FSLR
- Attempting to hold the 28 DMA: CNK, DB, DNKN, JACK, NOK, WGO, YETI
- Up against the 65 DMA: $GASO and PEP
- Moderately overbought: CG, CL, IYE, SNAP, STX, $XOI, YUM
- At the average overbought level: $HGX, JJNTF, SYMC, YUMC
- Toppy: ALL, ATI, BBL, CREE, CSCO, IQV, XRX, YYY
- A break out either way is on the way for: CANE, JPM, KR
- 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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