- Yi: +31.26
- Trying to bottom out in this area: AU, SYY, $WTIC
- At the average oversold level: F and RGLD
- Moderately oversold: STX
- Trying to hold rising trend line support: DNKN
- Attempting to hold the 65 DMA: HSY
- Attempting to hold the 28 DMA: MAT
- Up against the 65 DMA: CVY, DBI, NOV, PPG, WOOD
- Up against the 28 DMA: EMR, FLR,HR, JWN, LBAI, PM, PNC, SEE, STMP, TKR, VLY
- Up against falling trend line resistance: AMTD and ORCL
- Up against rising trend line resistance: AGX, AMP, UTX, XLY
- Moderately overbought: AMAT, C, CIEN, FAST, FL, GBTC, $INDU, ITW, IWM, IYG, IYJ, JPM, LOW, MANT, MCHP, MET, ROK, SCHD, SDY, SPWR, $SPX, TAP, TD, TPX, TXN, UYG, VOT
- At the average overbought level: APD, IBM, IR, JNJ, UIS
- Extremely overbought: MSFT
- Getting toppy: IBM, MMC, NFLX
- 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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