- Yi: +24.10
- Attempting to bottom out: CMG and $UST3M
- Average oversold: NFLX
- Moderately oversold: ALL, CHWY, O, PAG, SNA, UNG, WSO
- Trying to hold rising trend line support: LL
- Attempting to hold the 65 DMA: AMZN, CIEN, IDA, PEP, SFIX, YUMC
- Attempting to hold the 28 DMA: APD, AXP, CG, D, DIS, EWI, F, HAS, LOW, LPI, MET, NDAQ, QCOM, SYMC, TROW
- Up against the 65 DMA: COPX
- Up against falling trend line resistance: MOS
- Up against rising trend line resistance: ATI
- Moderately overbought: BA, CENX, CLF
- Toppy: COST, MANT, PM
- A break out either way on the way for: CWI, GT, MAN, NSC, ROK, VFC
- 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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