- Yi: +22.2
- Attempting to bottom out: CBRL
- Average oversold: NVS
- Moderately oversold: EYE and SFIX
- Trying to hold rising trend line support: TAP
- Attempting to hold the 65 DMA: MJ
- Attempting to hold the 28 DMA: AXP, FL, MMC
- Up against the 65 DMA: HA
- Up against falling trend line resistance: CTB
- Moderately overbought: CPB and DIS
- Toppy: GG and TWTR
- Possible top here for: NEM
- A break out either way on the way: BB, BNS, NSC, PM
- 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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