- Yi: +9.65
- Trying to bottom out in this area: CPB
- Moderately oversold: KR
- Up against the 65 DMA: ANF, BA, BBL, BBY, BNS, BYND, CAT, CC, DAL, EQNR, GE, LIN, NOW, QSR, ROK, TD, WDC, WOR
- Up against the 28 DMA: AFL, AMTD, HAS, KDP, SIL, $XAU
- Up against falling trend line resistance: AU, BBGI, WOR
- Moderately overbought: DRI, MTH, WEAT
- 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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