- Yi: +23.45
- Trying to bottom out: DRI, LPL, PINS, SFIX, $UST3M
- Average oversold: SFTBY
- Moderately oversold: AMZN, CALM, DIS, FSLR, GILD, IQV, MCO, MKC, MU, PPLT, UGLD
- Trying to hold rising trend line support: MMC
- Attempting to hold the 65 DMA: HA and IAU
- Attempting to hold the 28 DMA: AA, AMAT, AVP, GDDY, IWM, IYE, NUS, PEGI, RYE, $SPX, WDC
- Up against falling trend line resistance: CL, GIS, MAT, UGP
- Up against rising trend line resistance: TXN
- Moderately overbought: KMB
- Grtting toppy: BNS
- A break out either way is setting up for: ANF, ATI, BWA, CAR, CAT, $COPPER, HSY, KO, M, MRVL, SYMC, UIS, VLY
- 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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