- +24.0
- Trying to bottom out: $VIX
- Extremely oversold: QLD
- Moderately oversold: EGPT, GBTC, PAG, PTEN, WFC
- Trying to hold rising trend line support: SHAK
- Attempting to hold the 65 DMA: O and THO
- Attempting to hold the 28 DMA: BLL, EFV, FEU, FNDF, FSLR, $GASO, SCHH, SNAP, SU, TSN, $WTIC
- Up against the 65 DMA: ROK and MMM
- Up against the 28 DMA: KOLD
- Up against falling trend line resistance: X
- Moderately overbought: CLX, DB, GO, LYFT, $PLAT, RGR, STLD, TSLA, WGO
- Average overbought: IBM and SMG
- Toppy: AMZN, FB, MAIN, SCHD, MCO, WYND, XLY
- Possible top here for: CBRL
- A break out either way on the way for: TILE and XRX
- 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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