- Yi: +22.54
- A possible bottom here for: BBBY
- Attempting to bottom out at this level: AA, ANF, ATI, CAKE, CLF, CSCO, CSX, F, FNG, HBI, IRBT, JWN, M, MDR, MOS, PFE, PTEN, QRTEA, THO, TILE, TPR, $UST30Y, $UST3M, X
- Extremely oversold: COPX and JWN
- Moderately oversold: I and RSX
- Trying to hold falling trend line support: PHI
- Attempting to hold the 65 DMA: GFI
- Attempting to hold the 28 DMA: $XAU
- Up against the 65 DMA: FLO
- Up against the 28 DMA: AVAV, DUST, MBI, WY
- Up against falling trend line resistance: AGX, AVAV, AXP, CNK
- Up against rising trend line resistance: BLL
- Moderately overbought: BABA, CLX, CMG, KO, MAIN, PEP, PG, PM
- Average overbought: CALM and IDA
- A possible top here for: MKC and SHAK
- A break out either way on the way for: $CRB, NEM, SNAP
- 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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