- Yi: +24.25
- Attempting to bottom out: HRB, KOLD, LYFT
- Moderately oversold: AEM, AU, FLO, $GOLD, GOLD, MCD, MRK, MSI, NDAQ, NOW
- Trying to hold rising trend line support: HSY, IAU, MSFT
- Attempting to hold the 65 DMA: CL and WEN
- Attempting to hold the 28 DMA: AKAM, MMC, PFF
- Up against the 65 DMA: TILE
- Up against falling trend line resistance: AA, DLPH, MS, $XOI
- Moderately overbought: ATI, AVAV, CAR, CC, CAKE, CMI, CPRI, DBI, DE, EMR, FLR, GS, HAS, HBI, IBM, IYE, IBM, IP, JACK, JPM, JWN, KLIC, KMB, LM, MAN, MOS, NOV, OC, PAG, PBI, VFC, WBA, XLE
- Toppy: LL
- A break out either way is on the way for: TGS
- Anything posted on these pages 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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