- Yi: +24.23
- Attempting to bottom out: DB, DBO, IRBT, JJNTF, STLD, TUP, WBA
- Average oversold: S and TSLA
- Moderately oversold: BIDU, COWTF, CTB, HPQ, PTR, SHI
- Trying to hold rising trend line support: AAPL and TSM
- Attempting to hold the 65 DMA: AGX, $CRB, IYE, PTEN, TGT
- Attempting to hold the 28 DMA: ETN, FLR, GT, LOW, NTAP, OILU, RSX, RY, USL, USO
- Up against the 65 DMA: A
- Up against the 28 DMA: BMY, GILD, NVS, SFIX
- Up against falling trend line resistance: AVP, MRK, PPLT
- Up against rising trend line resistance: C and SHAK
- Moderately overbought: DRI, I, KBE, KDP, NTES, PETX, RGR, RRGB, TAP
- Overbought: AXP, CL, F, GDDY
- Extremely overbought: DIS and HSY
- Toppy: MCD
- A break out either way on the way for: IBM, KOL, PEP, PFF, VFC
- Anything posted here 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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