- Yi: +20.76
- Attempting to bottom out: CVS
- Extremely oversold: BIDU
- Average oversold: XLNX
- Attempting to hold the 65 DMA: $VIX
- Attempting to hold the 28 DMA: CBRL, FEU, QID, SPXU
- Up against the 65 DMA: AKAM, DBA, XRX
- Up against the 28 DMA: $GASO, MED, O, OILNF, OILU, SNAP, USO, $WTIC, YYY
- Up against rising trend line resistance: SBUX
- Moderately overbought: CORN, CSCO, FLO, LEN, MSFT, NOW, PEP, PFE, PG, PYPL, TRV, V
- Average overbought: LIN and PAYX
- Toppy: AIG, BR, BYND, KO, LEN, TSN
- A break out either way on the way for: AMTD, CLF, NDAQ, SHAK
- 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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