- Yi: +27.5
- Trying to bottom out: AFL, AIG, AMTD, BEN, BNS, CBRL, CG, CVY, GS, HSY, IBM, IDA, $INDU, IYE, IYG, JNJ, KLIC, KO, M, MAIN, MCD, MET, PCRFY, PNC, PPC, PRU, SCHD, SCHH, SIRI, TD, VLY
- Oversold: PPC
- Moderately oversold: BYND
- Attempting to hold the 65 DMA: BIDU, PTEN, $UST30Y, UYG, XLE
- Attempting to hold the 28 DMA: KDP, KOLD, PINS
- Up against the 28 DMA: ALEX, B, BMY, DNKN, EMR, GEF, HBI, OMC, PAG
- Up against the 65 DMA: LEN
- Up against falling trend line resistance: BCO
- Moderately overbought: IFN, KR
- A break out either way on the way for: CC, IMBI, RY, STMP, WGO, X
- 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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