- Yi: +28.3
- Attempting to bottom out: FXP and UL
- Average oversold: MTH
- Trying to hold rising trend line support: MCD
- Attempting to hold the 65 DMA: KDP, OMC, PEP
- Attempting to hold the 28 DMA: NTES
- Up against the 65 DMA: WBA
- Up against falling trend line resistance: TGS, $UST30Y, WEC
- Up against rising trend line resistance: CG and VFC
- Moderately overbought: F, IDA, ITBT, KSS, MGA, MOS, VNO
- Getting toppy: GPC, MET, PM, PRU, TSLA, VFC, WOR, XLY
- A break out in either direction is on the way for: IBM, NOW, PAG, SDY, TKR, UGLD, XOM
- 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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