- +23.55
- Attempting to bottom out: DBA
- Extremely oversold: EYE
- Up against the 65 DMA: A
- Up against the 28 DMA: MRK and PM
- Up against rising trend line resistance: AAPL and ARNC
- Moderately overbought: AIG, ALL, BGS, LBAI, NVS, TD
- Average overbought: AKAM, BRKS, CL, F, LL, NDAQ, SMG, UL
- Toppy: APD, CSL, IYG, JPM, MAIN, MANT, MTH, ORCL, PRU, SCHW, TRV, UTX, UYG, V, VGK, WBA, YETI
- A break out either way is on the way for: AQUA, CIEN, DBC, NTAP, RAIL
- 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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