- Yi: +25.22
- Attempting to bottom out: BGS, JNJ, JWN, KR, LEN, LL, NFLX
- Extremely oversold: BGS
- Average oversold: JACK and JCP
- Moderately oversold: IFN, NSC, WEN
- Attempting to hold the 65 DMA: $HGX, TRV, WHR
- Attempting to hold the 28 DMA: MTH, ORCL, WEC
- Up against the 28 DMA: PTEN
- Up against falling trend line resistance: PTEN
- Up against rising trend line resistance: XLB
- Moderately overbought: OC, SWK, UUP
- Average overbought: GM, KO, X
- Toppy: HSY and MCD
- A break out either way on the way: MCO, PFE, SOYB, UBER
- 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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