- Yi: +28.05
- Attempting to bottom out: CORN
- Moderately oversold: $UST30Y
- Attempting to hold the 28 DMA: JNPR and TSLA
- Up against the 65 DMA: GPC, VNO, WDC
- Up against the 28 DMA: AHH, CSIQ, YUM
- Up against rising trend line resistance: $NDX, NTES, PAYX
- Moderately overbought: GEF, HAS, KLIC, KMB, PRU, UUP, VFC, XLY
- Average overbought: AMP, BABA, HRL, MKC, TROW
- Getting toppy: BCO, ETN, $INDU, IWM, IYJ, KDP, MRK, MSFT, SCHD, $SPX, TSM, UIS, VOT, XRT
- A break out either way is setting up for: AMAT, CPRI, CSCO
- 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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