- Yi: +16.8
- Attempting to bottom out: AHH, CORN, GE, $SUGAR
- Extremely oversold: CORN
- Trying to hold rising trend line support: DFS, GM, IQV, LYFT, MET, WFC
- Attempting to hold the 65 DMA: AIG, GM, HPE, IP, IYG, O
- Attempting to hold the 28 DMA: GEF, HBI, MOS, NCR, NOV, OXY, TILE, TLRD, UYG. $XOI
- Up against the 28 DMA: DLPH
- Moderately overbought: CVS, FAST, IRBT, JACK, KLIC, MRK, $NDX, QCOM
- At the average overbought level: AKAM, HRL, JNJ, MSFT, NFLX, NTES, NVDA, QQQ
- Getting toppy: AAPL, AEM, AKAM, BABA, CLX, GIS, NFLX
- A break out either way is setting up for: $COTTON, KO, MCHP, MMM, MU, PPLT
- Anyting posted on these pages may be in error.
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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