- Yi: 24.10
- Trying to bottom out: CHK, JWN, RGLD, SPXU
- Average oversold: BAL, BGS, CANE, $CRB, FL, SGGFF
- Moderately oversold: BWA
- Trying to hold rising trend line support: KSS
- Trying to hold falling trend line support: LPL
- Attempting to hold the 65 DMA: DLPH
- Attempting to hold the 28 DMA: BKS and XLK
- Up against falling trend line resistance: TSLA
- Moderately overbought: DUST, IDA, NFLX
- Average overbought: RRGB
- Toppy: IR, MS, QQQ
- A break out either way is on the way for: MMC, PM, WY
- 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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