- Yi: +25.78
- Attempting to bottom out: QID
- Extremely overbought: MED, YETI
- Average overbought: AMZN
- Moderately overbought: $GOLD, PINS, UGLD
- Attempting to hold the 28 DMA: O
- Attempting to hold the 65 DMA: FLO, KHC, LOW
- Up against rising trend line resistance: BABA
- Moderately oversold: JNPR, MAIN, UIS, VLY, WEC, YUM
- Average oversold: MANT
- Getting toppy: IAU, MSFT, NFLX, PYPL, QLD, QQQ
- A break out either way is on the way for: BGS, CANE, MDC, MSI, SPWR, WOR
- 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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