- Yi: +30.98
- Attempting to bottom out at this level: GILD
- Extremely oversold: UNG
- At the average oversold level: BA, HPE, PPC, X
- Moderately oversold: FIZZ
- Trying to hold rising trend line support: REMX
- Attempting to hold the 65 DMA: AU, RS, WOR
- Attempting to hold the 28 DMA: $COTTON, CRUS, NTAP, $SILVER, SU
- Up against the 65 DMA: QRTEA
- Up against the 28 DMA: BBBY
- Moderately overbought: HD, HSY, O, SCHH
- At the average overbought level: ALL, CSX, KMB, KOLD, TXN
- Getting toppy: ALL
- Possible top here for: NIB
- A break out either way is setting up for: F and JPM
- 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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