- Yi: +25.82
- Trying to hold falling trend line support: JACK, O, WEN
- Attempting to hold the 65 DMA: WEN
- Up against the 65 DMA: CALM, DIS, FXF, HPQ, M
- Up against the 28 DMA: IBM and SMG
- Up against falling trend line resistance: AVAV, DAL, GLD, HPQ, IBM, LOW, OXY
- Up against rising trend line resistance: HPE and SNA
- Moderately overbought: ATI, $CRB, STLD, WBA, XLE
- At the average overbought level: CRUS, CVS, CW, EMR, IFN, $INDU, IWM, $NDX, $SPX, $XOI
- Possible top in this area for: AAPL
- A break out either way is setting up for: PFF, $SUGAR, TTM
- 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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