- Yi: +30.95
- At the average oversold level: BA
- Moderately oversold: F and HPE
- Attempting to hold the 28 DMA: CSIQ
- Up against falling trend line resistance: OMC
- Up against rising trend line resistance: CG, NDAQ, PRU, SCHD, UYG, YETI
- Moderately overbought: QCOM, RY, TRV, YUM
- At the average overbought level: D, MMC, NSC
- Seems to be getting toppy in this area: A, AGX, AKAM, AXP, CWI, EWA, $INDU, KLIC, KMB, MCO, MSFT
- A break out either way is setting up for: SYY
- 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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