- Yi: +22.10
- Attempting to bottom out: AGX, CAKE, FIZZ, FNG, GEF, KSS, MED, RAIL
- Extremely oversold: FIZZ
- Average oversold: AVAV, BB, CNK, GDDY
- Moderately oversold: AHH, BMY, CHD, CLX, LEN, O
- Trying to hold rising trend line support: AMP and CSL
- Attempting to hold the 65 DMA: KDP, LIN, NDAQ, SDY, TGS
- Attempting to hold the 28 DMA: AIG, ALL, AVP, BCO, BR, FAST, FLO, GPC, HSY, KMB, PYPL, SU
- Up against the 65 DMA: AFL
- Up against falling trend line resistance: $GASO
- Up against rising trend line resistance: AMAT and PAG
- Moderately overbought: PHI
- Average overbought: RS
- Toppy: $NYXBT
- A break out either way on the way: DFS, PPG, ROK, SCHX
- 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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