- Yi: +14.87
- Attempting to bottom out at this area: SU
- Extremely oversold: CORN and $SUGAR
- At the average oversold level: $GASO
- Moderately oversold: JO and JWN
- Trying to hold rising trend line support: MDC
- Attempting to hold the 65 DMA: AVGO, CSCO, $HGX, IDA, MMM, MRK, MS, NTR, ORCL
- Attempting to hold the 28 DMA: BWA, CAT, CBRL, CG, CSIQ, KO, MU, PM, PPC, REMX, TKR, UGP, UIS
- Up against rising trend line resistance: SHAK
- Moderately overbought: MAN
- A break out either way is setting up for: AMTD, BGS, CC, CVY, DFS, ETN, GE, GM, GS, HA, HAS, IWM, IYG, MET, MGA, PPG, ROK, RS, SCHW, SEE, SNA, TROW, VGK, WHR, WY, WYND
- 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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