- Yi: +25.74
- Trying to bottom out: HSY
- At the average oversold level: CL, KOLD, MSI
- Moderately oversold: CSX, DNKN, KO, MTH
- Trying to hold falling trend line support: NEM
- Trying to hold the 28 DMA: HD, LYFT, MCO
- Up against falling trend line resistance: $CRB, DAL, DLPH, F, FLR, KOL
- Up against rising trend line resistance: BBY, CG, CMI, FL, ITW, INTC, MAN
- Moderately overbought: AA, AGX, C, CLX, CPRI, DFS, FCX, GE, HA, KLIC, KR, KSS, LM, MET, MRVL, OMC
- At the average overbought level: CAT, DE, ETN, GPC, IP, IR, IYG, IYJ, JPM, MGA, MMM, $NYA50R, MS, NSC, PAG, PM, QQQ
- Getting toppy: ATI, B, CVS, EWI, $SPX, ETN, GOOG, GS, MTSI, $NDX
- A break out either way is setting up for: CNK
- 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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