- +17.03
- Average oversold: QID
- Attempting to hold the 65 DMA: D
- Attempting to hold the 28 DMA: FLR, GILD, HA
- Up against the 65 DMA: BBY, CAKE, PTEN
- Up against falling trend line resistance: MSFT
- Up against rising trend line resistance: NCR
- Moderately overbought: AAPL, AQUA, $COPPER, CSX, MAIN, MBI, $NDX, NFLX, NTAP, NVS, PAG, PPG, QLD, RGR, $SPX
- Average overbought: AGX, ALL, ANF, BA, BRKS, CW, CWI, EGPT, MCHP, PAYX, SNAP
- Toppy: ETN, FXI, GE, HD, $HGX, LOW, MANT, MMC, NOW, RSX, RY, SCHB, SCHK, SEE
- A break out either way is on the way for: BAC, C, CAT, CORN, $CRB, F
- 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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