- Yi: +28.7
- Attempting to bottom out: ALEX and FL
- Moderately oversold: APD, BWA, CMI, FIZZ, LIN, PAG, SEE, STMP
- Trying to hold rising trend line support: MTSI, $UST30Y, $UST3M
- Attempting to hold the 65 DMA: BBY, BMY, CVY, DFS, HAS, JNJ, MAN, MET, MMC, NUS, OC, PM, TILE, WU
- Attempting to hold the 28 DMA: CC, $COPPER, CPB, IRBT, PFE, TWTR, WOR
- Up against the 65 DMA: IYE
- Up against rising trend line resistance: $GASO and UGA
- Moderately overbought: AVAV and $SILVER
- At the average overbought level: $GOLD and LMT
- A break out either way is setting up for: ANF, CNK, WHR
- 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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