- Yi: +23.45
- Attempting to bottom out: BMY, COWTF, DUST
- Moderately oversold: GS
- Trying to hold rising trend line support: UGLD
- Attempting to hold the 65 DMA: IDA
- Attempting to hold the 28 DMA: JNJ and SOYB
- Up against the 65 DMA: DBO, FLR, PPLT, SEE, TSLA, UTX, VFC, X
- Up against the 28 DMA: AMTD, FL, KSS, TTM, UUP
- Up against falling trend line resistance: AGX, CALM, CVS, LOW, REMX, WY
- Up against rising trend line resistance: IR
- Moderately overbought: A, AKAM, AQUA, B, C, CLF, CRUS, DB, EMR, FSLR, IJH, IJR, IWM, IYG, IYJ, KOL, MAN, MCD, MDY, MOS, SCHB, SCHK, SCHX, SDY, SLYG, SMH, $SPX, STMP, SWK, SYMC, TROW, TSM, USB, UYG, V, VGK, VLY, VOT, VTI, WFC, WHR, WOR, WYND, XLNX, Z
- Average overbought: CW, IQV, OC, PNC, RS, T, TKR, TXN, XLK, XLY, XRX
- Extremely overbought: BLL
- Toppy: BNS
- 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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