- Yi: +18.71
- Attempting to bottom out in this area: CBRL and HAS
- At the average oversold level: QRTEA
- Moderately oversold: HA
- Trying to hold rising trend line support: BBBY and CL
- Attempting to hold the 65 DMA: GBTC
- Attempting to hold the 28 DMA: AEM, HD, NEM, NS, NUGT, RAIL, TSN
- Up against rising trend line resistance: KR and TROW
- Moderately overbought: CHK
- Average overbought: LPL and PPLT
- Toppy: BABA, MS, SEE
- A break out either way is on the way for: CC. GS, $NDX, PFF, SFTBY, SNA, SYY, TGT, TKR
- 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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