- Yi: +24.46
- Trying to bottom out: CC, QRTEA, UGP
- Trying to hold rising trend line support: $COPPER and ETN
- Attempting to hold the 65 DMA: SOYB and $SUGAR
- Attempting to hold the 28 DMA: BA, HAS, M, OILU, PTEN, TPR, USL
- Up against falling trend line resistance: IP and SEE
- Up against rising trend line resistance: ALL
- Moderately overbought: AMZN, KO, MTH, RGR
- Average overbought: BBL, CG, SYMC
- Toppy: CG, FSLR, SPWR
- A break out either way is on the way for: AVP, DE, NCR, SFIX, SU
- 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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