- Yi: +26.22
- Attempting to bottom out: MDC, MTH, NEM, PINS, RRGB, SHAK, TUP
- Extremely oversold: MED, RAIL, SHAK
- At the average oversold level: $GOLD, UGLD, WDC
- Moderately oversold: AHH, AKAM, $PLAT, PPLT, SLV, $USD
- Attempting to hold the 65 DMA: SIL
- Attempting to hold the 28 DMA: HRB and XLY
- Up against the 65 DMA: TRV
- Up against falling trend line resistance: NOW
- Moderately overbought: DFS, SU, $UST30Y, Z
- At the average overbought level: CMI, CPRI, HP, IP
- Getting toppy: CVS, GOOG, NSC
- Possible top here for: WU
- Going parabolic: QCOM
- A break out either way is setting up for: CC, EWI, FLR, MAT, MRK, MRVL, MS, $NDX, YYY
- 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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