- Yi: +22.82
- Possible bottom here for: DF
- Extremely oversold: LYFT
- Average oversold: FIZZ and KODK
- Moderately oversold: BKS, CALM, KDP, SIL
- Trying to hold rising trend line support: GILD and GOLD
- Trying to hold falling trend line support: GE
- Attempting to hold the 65 DMA: MRK
- Attempting to hold the 28 DMA: KSS, RGLD, UL
- Up against the 65 DMA: CW and DBI
- Up against falling trend line resistance: AMTD and CAT
- Up against rising trend line resistance: EFV, ETN, IR, IYJ, LOW, MMM, ORCL, SMH, TKR, UTX, VOT
- Moderately overbought: AIG, ALL, AMP, ARNC, CC, CNK, DWDP, F, GM, JPM, MCD, MGA, OC
- Average overbought: FAST, MRVL, PRU
- Toppy: CPB, CSCO, LM, PEGI, TXN
- Possible top here for: CHD, CRUS, CREE, MTH
- A break out eithe way on the way: AMD, SU, VNO
- 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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