- Yi: +26.95
- Attempting to bottom out: I
- At the average oversold level: KSS and NTR
- Moderately oversold: GBTC, M, MOS, QRTEA
- Trying to hold rising trend line support: CBRL, $CRB, $INDU, IYE, JACK
- Trying to hold falling trend line support: MU
- Attempting to hold the 65 DMA: HBI and PM
- Attempting to hold the 28 DMA: B, BMY, JCP, OMC, PPG
- Up against falling trend line resistance: AEM
- At the average overbought level: MU and NOW
- Moderately overbought: MKC
- Getting toppy: ALL and $DJW
- A break out is setting up for: AMP, AMZN, GE, GFI, GLD, IWM
- 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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