- Yi: +21.91
- Attempting to bottom out: CVS, MSI, UGP
- Moderately oversold: BGS, CBRL, RRGB
- Trying to hold rising trend line support: GOLD and KMB
- Trying to hold falling trend line support: TGS
- Attempting to hold the 65 DMA: JCP
- Up against the 65 DMA: AMTD
- Up against the 28 DMA: Z
- Up against falling trend line resistance: GLW and VOT
- Up against rising trend line resistance: CSCO and $DJW
- Moderately overbought: AMAT, BAC, BIDU, BR, C, $CRB, CWI, EQIX, F, $GASO, GS, NDAQ, TWTR, XRX
- Average overbought: WU
- Toppy: CVA, PAYX, PPG, PYPL, SPWR, V
- Break out either way on the way: HAS
- 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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