- Yi: +19.54
- Trying to bottom out: AVP
- Extremely oversold: TLRD
- Attempting to hold the 28 DMA: ALL and GBTC
- Up against the 28 DMA: ALEX, FXF, GILD, PHI, SLYG, TD, TWTR, UGP
- Up against falling trend line resistance: AMAT, MAN, MJ, PTEN, RYE, SCHD
- Up against rising trend line resistance: CSCO, PEG, PG, QQQ
- Moderately overbought: CLX, CNK, FSLR, $NDX, NOW, NTES, NVDA, PYPL, PPC, SCHH, SCHK, $SPX, TROW, TRV, VGK, WU, XLK, YYY
- Average overbought: AXP, $GASO, UGA
- Toppy: GOOG, MSFT, SEE, WEC
- A break out either way is on the way: AMP, EWI, MET, VFC
- Anything posted 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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