- Yi: +24.45
- Trying to bottom out: CANE, IQV, MAT, NTR, TGS, $UST3M
- Extremely oversold: IRBT and TWTR
- Average oversold: HSY
- Moderately oversold: EBAY, GIS, MSI, VFC, YUM
- Attempting to hold the 28 DMA: HA and LL
- Up against the 65 DMA: BBL and CBRL
- Up against falling trend line resistance: ANF, BBL, GILD, KOL, KR
- Up against rising trend line resistance: PG
- Moderately overbought: AMP, BWA, C, CC, ETN, GLW, GS, LBAI, PEG
- Average overbought: BAC and FAST
- Getting toppy: CMI, EMR, FL, GPC, JPM
- Going parabolic: AAPL
- A break out either way is setting up for: A, BIDU, BNS, EGPT, $INDU, PFE, REMX
- 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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