- Yi: +28.4
- Attempting to bottom out: ATI, GBTC, MTH, ORCL
- Average oversold: LEN and MTH
- Moderately oversold: DRI
- Trying to hold rising trend line support: CMI and MDC
- Attempting to hold the 28 DMA: HMC, LYFT, SCHW
- Up against the 65 DMA: JNPR
- Up against the 28 DMA: DBI, JJNTF, STMP
- Up against falling trend line resistance: CG and IR
- Moderately overbought: CC, CSCO, $GASO, MED, NFLX, SFTBY, TAP, TWTR, VNO, WEC, $WTIC
- Average overbought: JWN, MU, $NYA50R, PM, UGP, VFC
- Extremely overbought: JNJ, NVDA, TSLA
- Getting toppy: BBY, BIDU, Z
- A break out either way is setting up for: DFS, PAG, ROK, UGLD, XOM
- 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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