- Yi: +30.63
- Trying to bottom out: IYE, RYE, SU, XLE, $XOI
- Oversold: LYFT
- Moderately oversold: BYND, CIEN, CORN, PAYX
- Trying to hold rising trend line support: AMAT, MSFT, NOW
- Attempting to hold the 28 DMA: AMAT, AVAV, FL, MTH, NEM, NOW, PYPL, QCOM, RGLD, SFIX, TTM, UGA, YETI
- Attempting to hold the 65 DMA: AVGO, BBY, BIDU, DNKN, GOLD, PINS, RGR, UNG, XLK, Z
- Up against the 28 DMA: JPM, KOLD, SCHD, TD, VOT
- Up against the 65 DMA: AMTD, HMC, NCR, NTR
- Up against falling trend line resistance: CLF
- Moderately overbought: PFE
- Extremely overbought: $COPPER
- Toppy: SFTBY
- A break out either way: WEC, $WTIC
- 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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