- Yi: +27.65
- Moderately oversold: AEM, AMAT, BBBY
- Attempting to hold the 65 DMA: RGLD
- Attempting to hold the 28 DMA: B, BBL, PBI, SNA, $VIX
- Up against falling trend line resistance: TGT
- Moderately overbought: $GASO, LOW, UGA
- Average overbought: CLX, FIZZ, PYPL
- Toppy: KOLD, PYPL
- A break out either way is setting up for: AA, AGX, AMTD, BA, BRKS, C, CAR, CAT, CBRL, CTB, CVS, DAL, DB, DE, $DJW, EBAY, FRDM, GF, GOLD, HPQ, IBM, IYE, KOL, MCD, MGA, OXY, PFF, PTEN, QRTEA, SYY, TD, TUP, WY, $XOI
- 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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