- Yi: +15.99
- Trying to bottom out: $VIX
- Extremely oversold: QID, SPXU
- Attempting to hold the 65 DMA: NEM
- Up against falling trend line resistance: D, TROW
- Up against rising trend line resistance: CSCO, KR
- Moderately overbought: A, AVAV, BBY, CG, CIEN, CPB, $GASO, JNPR, SFIX, TGS, YUMC
- At the average overbought level: QLD, TGT
- Getting toppy: AAPL, CLX, FAST, GOOG, IRBT, LOW, MSFT, MTH, MTSI, $NDX, NFLX, NVDA, QQQ, STMP, VOT, VOX, XLK
- A break out in either direction is setting up for: EGPT, $GOLD, IAU, KHC, $PLAT, RYE, SU, UGP, UUP, $WTIC, XOM
- 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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