- Yi: +28.35
- Attempting to bottom out at this level: GBTC, IRBT, LEN, QSR, TLRD
- Extremely oversold: FXP
- Moderately oversold: CLF, FL, OLLI
- Trying to hold rising trend line support: GIS and SEE
- Trying to hold falling trend line support: $HGX
- Attempting to hold the 65 DMA: KR, KSS, SYY
- Attempting to hold the 28 DMA: DAL, F, IDA, KO, MAT, MTSI, SDY, $SUGAR
- Up against the 28 DMA: AFL
- Up against rising trend line resistance: $GASO and TSLA
- Moderately overbought: AKAM, GE, $PLAT
- At the average overbought level: TTM and $XOI
- Getting a bit toppy in this area: BAL, JPM, $NYA50R, RRGB, SU, WEAT, WYND
- Possible top in the area for: VFC
- Anything posted here 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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