- Yi: +18.35
- Trying to bottom out: HA
- Average oversold: TSLA and WBA
- Moderately oversold: RGR
- Trying to hold rising trend line support: CSX
- Attempting to hold the 65 DMA: BNS
- Attempting to hold the 28 DMA: CL, $HGX, WGO
- Up against falling trend line resistance: BIDU and IFN
- Up against rising trend line resistance: TSN
- Moderately overbought: FB, JCP, JJNTF, KSS, TGT, TTM, $USD
- Toppy: CMG, MRK, TPX, VDIGX, YYY
- A break out either way is on the way for: CALM, CMI, CWI, DWDP, EFV, IP, NOK, ORCL, ROK, SNA, SNAP, STX
- 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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