- Yi: +14.3
- Moderately oversold: AHH
- Attempting to hold the 65 DMA: BA, CAR, CAT, $USD, $VIX
- Attempting to hold the 28 DMA: TD
- Up against the 65 DMA: FAST, HSY, LMT, $NDX, PYPL, SMH, TGT
- Up against the 28 DMA: $GASO and UGA
- Moderately overbought: BBGI, BMY, BYND, CLX, CPB, FLO, GOOG, LOW, PG, PPLT, STMP
- Getting toppy: GLD, IAU, NEM, ORCL
- A break out either way is setting up for: DAL
- Anything posted 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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