- Yi: +27.18
- Average oversold: CRUS
- Moderately oversold: CALM, CW, XRX
- Trying to hold rising trend line support: APD, DIS, IR, MDC, MMM, MS, OC, SU
- Attempting to hold the 28 DMA: ALEX, ANF, ATI, CAKE, CBRL, CLF, CTB, D, EMR, F, GE, GOOG, GS, GT, HBI, HD, KSS, M, MAIN, MDC, MET, MJ, PAG, RTX, SCHH, TKR, UYG
- Attempting to hold the 65 DMA: DRI, LMT, LPI, PEG, WYND, X
- Up against rising trend line resistance: UL
- Moderately overbought: GLD, IAU
- Average overbought: CLX
- Toppy: BBBY, CLX, UL
- A break out either way setting up for: CMI, CSIQ, CWI, EFV, FCX, LBAI, LIN, MAN, PFE, RS, RY, SMH, SNA, STLD, $SUGAR, T, TD, THO, TRV, VGK, $VIX, WFC, WHR
- 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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