- Yi: +25.28
- Extremely oversold: TTM
- Average oversold: LPL
- Moderately oversold: KOLD
- Trying to hold rising trend line support: CSCO, NIB, SMH
- Trying to hold falling trend line support: $XOI
- Attempting to hold the 65 DMA: BBL, FXF, JJGTF
- Attempting to hold the 28 DMA: FSLR. MMM, XLNX
- Up against rising trend line resistance: MSFT
- Moderately overbought: CREE, GOOG, MKC, PNC, PPC, $USD, UUP, VOX
- Average overbought: HSY, MAT, TROW, TWTR
- Extremely overbought: SBUX
- Toppy: CG, MRVL, RS
- A break out either way on the way any day now: BABA, CALM, MCO, $NYA50R, RGR, RRGB, SOYB, TSN, $UST30Y
- Anything posted here 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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