- Yi: +28.42
- Attempting to bottom out: GBTC, MCD, MJ
- Average oversold: CBRL
- Attempting to hold the 65 DMA: CC and NTAP
- Attempting to hold the 28 DMA: TSLA
- Up against the 65 DMA: HSY, KO, WDC
- Up against the 28 DMA: CSX, MDC, XLNX, YUM
- Up against falling trend line resistance: PEP
- Up against rising trend line resistance: FCX
- Moderately overbought: BBBY, BBY, CMG, CTB, DRI, MAN, MRK, NVS, SFIX, UIS, VFC, XLY
- Average overbought: A, ALL, CG, UYG
- Getting toppy: VOT
- A break out either way is setting up for: AA, LOW, PM, QCOM, SU, TGT, UBER, UTX
- 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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