- Yi: +24.48
- Attempting to bottom out at this level: SGGFF
- Extremely oversold: CANE
- At the average oversold level: QID
- Moderately oversold: SMG
- Attempting to hold the 65 DMA: AEM
- Attempting to hold the 28 DMA: MAIN and TLRD
- Up against the 65 DMA: ATI
- Up against the 28 DMA: BYND
- Up against falling trend line resistance: DBI, EMR. FCX, IWM, LBAI
- Up against rising trend line resistance: CVS
- Moderately overbought: AA, ETN, KOL, JO, MAT, MMM, ROK, $SPX, VLY, WSO, YYY
- At the average overbought level: BNS, CG, GS, MDC, UTX, VGK
- Toppy: A, ALL, CPB. FAST, HD, LM, MGA, MTSI, SCHD, SDY, VOX, WDC, WU, WY
- A break out either up or down is on the way for: XLNX
- 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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