- Yi: +23.83
- Trying to bottom out: LYFT and MJ
- Average oversold: NFLX
- Moderately oversold: AMZN, BIDU, BWA, CAT, CLF, DRI, PHI, PINS, SFIX, UBER, UIS
- Trying to hold rising trend line support: A and TSLA
- Trying to hold the 65 DMA: AMTD, BABA, BRKS, C, CMI, $CRB, GE, $INDU, IWM, IYG, LBAI, MU, NTAP, RYE, SCHD, SCHX, WBA, XOM
- Trying to hold the 28 DMA: ATI, BBL, CC, ETN, INTC, GS, MOS, NOV, PEP, PTEN, NTES, RAIL, UGP, $UST30Y, WDC
- Up against the 65 DMA: FLO
- Up against the 28 DMA: AEM, AU, CL, FXP
- Moderately overbought: KMB and PG
- Toppy: LEN
- A break out in either direction is on the way for: AAPL, F, JWN, TAP
- 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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