- Yi: +23.98
- Trying to bottom out: AGX, IRBT, PM, XLNX
- Average oversold: CLX and TLRD
- Moderately oversold: AGX, CAKE, EGPT, DLPH, DRI, IRBT, QRTEA, SMG, UBER
- Trying to hold the 65 DMA: ATI, CSX, $COPPER, IP, M, MAN, MCHP, MOS, MMM, STX, TROW, TXN, UIS, VFC, VNO, WDC, WSO
- Trying to hold the 28 DMA: HBI, JO, KOL, KSS, MRVL, NUS, PPC, QCOM, RRGB, RS, SYMC, YUMC
- Up against the 28 DMA: KMB
- Up against rising trend line resistance: BMY
- Moderately overbought: NOW
- Getting toppy: CG
- A break out either way is setting up for: CORN and JJGTF
- 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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