- Yi: +21.88
- Attempting to bottom out: $VIX
- Average oversold: CBRL, GE, X
- Moderately oversold: CLX
- Trying to hold rising trend line support: FNG
- Attempting to hold the 28 DMA: NFLX
- Up against the 28 DMA: TILE
- Up against falling trend line resistance: AU, BGS, CNK, MAIN, $SILVER, SIVR
- Moderately overbought: BABA, BIDU, $CRB, CRUS, GM, MGA, PTEN, RGLD, RSX
- Average overbought: GBTC, MCHP, SNAP, TSN
- Toppy: AAPL, BBBY, COPX, CWI, FEU, FSLR, HPE, MTH, NCR, QCLN, SCHB, $SPX, SWK
- Possible top here for: AMP, $DJW, EFV, EMR, HD, $HGX, IJH, PEGI, PRU, SCHD, SCHK, SCHX, SMH
- A break out either way on the way for: AMTD, FXF, GDDY, MAT, PBI, RY, UL, YETI
- 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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