- Yi: +27.87
- Attempting to bottom out at this level: TLRD and $USD
- At the average oversold level: $VIX
- Moderately oversold: ATI, DNKN, VOT
- Trying to hold falling trend line support: QID
- Up against the 28 DMA: PEG
- Up against falling trend line resistance: KOL, RRGB, TRV
- Up against rising trend line resistance: NDAQ, $NDX, PFE, QQQ, QLD, TSLA, UIS, VOX
- Moderately overbought: AGX, BIDU, $CRB, DAL, IYE, IYJ, NCR, WDC, WOOD
- At the average overbought level: AVP, SYY, XLK
- Getting a bit toppy in this area: AAPL, AMP, BABA, BBY, CWI, MCO, MRK, MSFT, MU, VGK
- A break out either way is setting up for: ANF, RGLD, RGR
- 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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