- Yi: +27.85
- Attempting to bottom out at this level: CAKE, DRI, KDP
- Extremely oversold: PINS
- At the average oversold level: FLO, O, TLRD
- Moderately oversold: DFS
- Attempting to hold the 28 DMA: BGS, HSY, MDC, MKC
- Up against the 65 DMA: AIG
- Up against the 28 DMA: MJ and MRVL
- Up against falling trend line resistance: NOV
- Up against rising trend line resistance: WYND
- Moderately overbought: AMAT, CSX, HMC, $INDU, KLIC, LIN, NTAP, REMX, RSX, TSN
- At the average overbought level: MSFT and MU
- Getting toppy in this area: B, BABA, BMY, FCX, MAN, MCHP, NEM
- A break out either way is setting up for: $HGX, IBM, RGLD
- 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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