- Yi: +23.7
- Moderately oversold: $USD
- Trying to hold falling trend line support: UNG
- Attempting to hold the 28 DMA: BBY
- Up against the 65 DMA: HSY
- Up against falling trend line resistance: HSY
- Moderately overbought: CAT, CL, $HGX, LIN, MANT, PAYX, PEG, QRTEA
- Getting toppy: CSX, REMX
- A break out either setting up for: AMAT, CMG, MMC, $VIX
- 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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