- Yi: +23.0
- Trying to bottom out: DLPH GBTC, TLRD
- Average oversold: DRI and SFTBY
- Moderately oversold: AVAV, BABA, DNKN, NTR, VOX
- Trying to hold rising trend line support: RGLD and WEN
- Attempting to hold the 28 DMA: COPX, CSCO, DFS, MMC, MMM, PEGI, RYE, SCHX, SPX, WYND, XOM
- Up against the 28 DMA: SPXU
- Up against falling trend line resistance: CNK, QID, TSLA, VNO
- Up against rising trend line resistance: TAP
- Moderately overbought: O and TILE
- Average overbought: WFC
- Getting toppy: $HGX, IDA, MTH
- A break out either way is on the way in the fullness of time for: AA, ALL, M, TGS, UYG, XRT
- 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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