- Yi: +22.9
- Attempting to bottom out: IQV
- Average oversold: FXF
- Moderately oversold: SFIX
- Trying to hold falling trendline support: TPR
- Attempting to hold the 65 DMA: CHK and PM
- Attempting to hold the 28 DMA: IWM, MMC, PFF, SNAP
- Moderately overbought: DE, LMT, PHI, SNA
- Average overbought: CL, KOL, MAN, MGA
- Toppy: ANF, CAT, GM, GT, HA, $HGX, NDAQ, NTAP, PEP, PPC, PPG
- A break out either way on the way for: MBI
- 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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