- Yi: +25.44
- Trying to bottom out: DNKN, TRV, TWTR
- Extremely oversold: BGS
- Average oversold: HSY and QID
- Moderately oversold: FIZZ, IDA, VFC
- Trying to hold rising trend line support: KO and KR
- Trying to hold the 65 DMA: WEC
- Trying to hold the 28 DMA: JJGTF, LOW, PEG, SCHH, SOYB
- Up against the 65 DMA: CANE, FLR, LM
- Up against the 28 DMA: CALM, CSCO, PPC
- Up against falling trend line resistance: BBL, GBTC, MMM
- Up against rising trend line resistance: CRUS and SWK
- Moderately overbought: BGG, GS, LIN, PFE, TROW, WOR
- At the average overbought level: AMP, C, $DJW, ETN, PNC, QLD, SMH, TTM, USB, XRX
- Getting toppy: AAPL, BRKS, GOOG, RS, SCHD, SMH, STX, THO, TILE, VGK, WU
- A break out either way is setting up for: DB, GE, JACK, LMT, PM, PPG, RGR
- 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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