- Yi: +28.45
- Attempting to bottom out at this level: ATI, LYFT, MTH, SPWR
- Moderately oversold: GPC, DFS, PPG, VLY, XRX
- Trying to hold rising trend line support: DAL
- Attempting to hold the 65 DMA: AXP, BBL, FAST, MS, WYND
- Attempting to hold the 28 DMA: AMP, CORN, ITW, JNJ, KLIC, MRVL, PNC, RGLD, WEN, WOOD
- Up against the 65 DMA: DRI
- Up against the 28 DMA: BA, LEN, MDC
- Up against falling trend line resistance: AGX
- Up against rising trend line resistance: JWN and TROW
- Moderately overbought: MCD, RGR, $WTIC
- At the average overbought level: AVAV, GOOG, UGLD
- A break out either way is setting up for: NTAP and RY
- 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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