- Yi: +25.7
- Moderately oversold: BMY, GILD, HSY, IDA, PFE
- Trying to hold rising trend line support: AKAM, NCR, NSC
- Attempting to hold the 65 DMA: ANF, CALM, CSIQ, CW, GE, IBM, KLIC, KO, LBAI, MAN, NTAP, NVS, ORCL, PEP, ROK, RRGB, T, TILE, TPR
- Attempting to hold the 28 DMA: A, AMAT, AMTD, AVAV, B, BAC, BGG, C, CAKE, CC, CMG, CMI, CNK, CSCO, CSX, DIS, DNKN, DRI, ETN, FB, FIZZ, FL, FLR, $GASO, GBTC, GDDY, GOOG, GS, HA, HAS, HD, $HGX, HPE, HPQ, $INDU, IP, IWM, IYE, JPM, JWN, LIN, LMT, LPI, MAIN, MCD, MDC, MET, MMC, MMM, MTH, NSC, PEG, PFF, PG, PNC, PPG, PRU, QLD, RS, RSX, SCHD, SNA, $SPX, STLD, SU, SWK, SYY, TGS, TKR, TLRD, $UST30Y, UYG, VLY, VNO, WBA, WEN, WFC, X, XLE, $XOI, YUM, Z
- Up against the 65 DMA: $VIX
- A break out in either direction is setting up for: $SUGAR
- Anything posted here 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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