- Yi: +24.07
- Trying to bottom out: HRL, MJ, SFTBY
- Moderately oversold: AVP
- Up against the 65 DMA: XOM and XLE
- Up against the 28 DMA: AVAV and TSN
- Up against falling trend line resistance: CAT, NSC, QQQ, SWK, $UST30Y, UTX
- Moderately overbought: LIN, SYY, TSLA, YETI, XLY
- Getting toppy: AAPL and SOYB
- A break out either way is setting up for: TGS
- 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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