- Yi: +19.88
- Attempting to bottom out: AQUA, BNS, JPM, MOS, UGP
- Moderately oversold: MTSI
- Trying to hold rising trend line support: FNG, MJ, NFLX, NOV, PPLT, RGLD
- Attempting to hold the 65 DMA: CREE, GOOG, MBI
- Attempting to hold the 28 DMA: RSX, SFTBY, SMH
- Up against rising trend line resistance: COST, FLO, TGT, TRV
- Moderately overbought: CLX, FLO, $HGX, MTH
- Toppy: PEGI
- A break out either way on the way: AIG, CHK, HMC, HPE, HPQ, JJNTF, LMT, MAIN, MMC, MSI, NTAP, PFF, PTEN, SCHD, SCHK, SCHX, SFIX, TSM
- 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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