- Yi: +21.5
- Attempting to bottom out: QRTEA
- Moderately oversold: CEF, CORN, MBI
- Trying to hold rising trend line support: RGLD
- Attempting to hold the 28 DMA: DBA
- Up against falling trend line resistance: CAKE, $COPPER, IWM
- Up against rising trend line resistance: SCHB
- Moderately overbought: ANF, CAKE, CL, KOLD, LOW, NDAQ, SHAK
- Average overbought: APD, MKC, NVS, SBUX, TSN
- Toppy: DNKN, DRI, FLO, HSY, KMB, LOW, MCD
- Possible top here for: CMG
- A break out either way on the way: AVP, LL, MAIN, MAT, PTEN
- 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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