- Yi: +28.15
- Attempting to bottom out at this level: AGX, CSCO, HRB, JJNTF, JNPR, MRVL, PINS, TGS
- Extremely oversold: TUP
- Moderately oversold: MSI and TD
- Trying to hold rising trend line support: $USD
- Attempting to hold the 28 DMA: LYFT, NFLX, UIS
- Up against the 65 DMA: BNS and BWA
- Up against the 28 DMA: ANF, FAST, WEC
- Up against falling trend line resistance: DLPH, FLO, GT
- Up against rising trend line resistance: BMY and $COPPER
- Moderately overbought: BNY, CLX, CSIQ, KMB, NEM, SYY, TILE, TSM
- At the average overbought level: JNJ and MKC
- Getting toppy at this level: MRK
- 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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