- Yi: +11.07
- Attempting to bottom out: BBGI
- Average oversold: QID and SPXU
- Moderately oversold: FXP and $VIX
- Up against the 65 DMA: AIG, BAL, CAKE, $CRB, GLW, HBI, HRB, MAN, MCHP, $UST3M
- Up against the 28 DMA: AEO, AMAT, AMP, APD, BIDU, BNS, CLF, CSIQ, CWI, D, ETN, FAST, FL, GOOG, GPC, GS, HMC, HPE, $INDU, IDA, IP, IYJ, JACK, JPM, KO, KOL, LPL, MED, MGA, NIB, $NYA50R, PAYX, PCRFY, PINS, PNC, PPG, PYPL, QSR, REMX, RY, RYE, SDY, SLV, SYY, TGT, TROW, TSLA, TSN, UL, VGK, YUM
- Up against falling trend line resistance: AEO, AFL, BA, CSIQ, D, DNKN, FAST, IRBT, KHC, LPL, MCO, MJ, SFTBY
- Moderately overbought: A, AU, AVGO, BMY, CAT, CMI, CSCO, CSX, DE, $GOLD, IAU, IBM, INTC, IQV, IR, ITW, JNJ, JNPR, LIN, LMT, MCD, MKC, MRVL, MSFT, MTSI, MU, NDAQ, $NDX, NTR, NVDA, ORCL, ORCL, PEP, QQQ, ROK, RSX, TAP, UGLD, $XAU, XLK, XLNX
- Getting a bit toppy here: CIEN and NVS
- A break out either way is setting up for: $SUGAR
- 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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