- Yi: +22.68
- Attempting to bottom out: AVAV, BBBY, KR, VNO
- Extremely oversold: AVAV
- Moderately oversold: GOOG, PAYX, PPC
- Attempting to hold the 65 DMA: KDP
- Attempting to hold the 28 DMA: HSY, KMB, KOLD, NIB, PEP, PYPL, SU, TRV, WEC
- Up against the 65 DMA: CRUS, FCX, MCHP, STLD, XLNX, $XOI
- Up against falling trend line resistance: TILE
- Up against rising trend line resistance: FSLR and LYFT
- Modertely overbought: AMAT, CALM, CAT, CTB, JJNTF, MGA, TXN
- Toppy: CTB
- A break out either way on the way for: AMZN, AXP, CMG, DIS, DNKN, HAS, I, LMT, M, MAIN, MJ, MSFT, PPG, QRTEA, SBUX, $SILVER, TSLA
- Anything posted on these pages 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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