- Yi: +6.8
- Up against the 65 DMA: CG, CMI, CVS, HAS, HD, HPE, IBM, IDA, JNPR, MED, MET, NCR, NTAP, NTR, NVS, PEG, PEP, PINS, PNC, PRU, SEE, SOYB, SYY
- Up against the 28 DMA: AVGO, KHC, KLIC, LMT, MANT, MCO, MJ, NUS, QRTEA
- Up against falling trend line resistance: BBGI, IYG, LMT, MET
- Moderately overbought: AIG, MRVL, ORCL
- 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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