- Yi: +28.68
- Moderately oversold: AEM, $USD, UUP
- Attempting to hold the 28 DMA: CL, FLO, KMB
- Up against rising trend line resistance: ROK
- Moderately overbought: ALEX, ALL, ANF, B, CAKE, DAL, FXI, GE, JWN, KSS, M, PM, PTEN, QRTEA, RRGB, STX, TPR, TSM, $UST30Y, VFC, VLY, WFC, X, YUMC
- Average overbought: AA, AMTD, AXP, BA, CBRL, CC, DB, DRI, ETN, HA, $INDU, MAN, NSC, REMX, RS, SCHD, SMH, SWK, TAP, TROW, WGO, WHR, WOR, YUM
- Extremely overbought: IRBT, THO
- Toppy: EBAY, GDDY, LOW, TXN, Z
- Possible top here: A
- A break out either way is setting up for: FB, FIZZ, KR, PEP, TGT
- 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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