- Yi: +20.59
- Possible bottom here for: MMM
- Attempting to bottom out: KLIC
- Extremely oversold: JWN and KSS
- Average oversold: LOW
- Moderately oversold: GLD, PPG, QCOM, VFC
- Up against the 28 DMA: CMI and NEM
- Up against falling trend line resistance: BA
- Moderately overbought: DRI, EWA, IFN, LM, MMC, PHI, TGT
- Toppy: AMP, AXP, SYY, TGS
- A break out either way is on the way for: AA, AMZN, AQUA, B, CWI, $DJW, EFV, FEU, FNDF, FNG, FXF, IQV, IYJ, SCHD, SCHX, $SPX
- 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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