- Yi: +14.15
- Attempting to bottom out at this level: SGGFF
- Moderately oversold: KOLD
- Attempting to hold the 28 DMA: BGS
- Up against the 65 DMA: BEN, KDP, T
- Up against the 28 DMA: ATI, AXP, BWA, CG, CPRI, EWI, FLR, HD, MJ, MSI, NOV, $PLAT, QCLN, RS, TKR, TPR, WU, Z
- Up against falling trend line resistance: BABA and TPR
- Moderately overbought: A, AAPL, AFL, BABA, GEF, NSC, PPG, PYPL, SCHD
- A break out either way is setting up for: SU
- 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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