- Yi: +33.2
- Trying to bottom out: VNO, $VIX
- Oversold: $USD, UUP
- Moderately oversold: UNG
- Attempting to hold the 28 DMA: CALM, CL
- Trying to hold rising trend line support: PEG
- Up against the 28 DMA: GBTC, IYE, MANT, RYE, VLY, XLE, $XOI, XOM
- Up against the 65 GMA: LYFT, WFC
- Up against falling trend line resistance: TGS
- Moderately overbought: KLIC, MAT, RGLD, WOOD
- Toppy: $COPPER, GOOG, MED, QCLN, YUMC
- Break out either way: BMY, BWA, CAR, CTB, CW, DE, DIS, EFV, ETN, FLR, GE, IP, MAIN, MET, MO, PAYX, QSR, TSN
- 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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