- Yi: +31.95
- Attempting to bottom out: BCO, QID, $VIX
- Extremely oversold: WSO
- Attempting to hold the 65 DMA: O, XRX
- Trying to hold rising trend line support: AVAV
- Up against the 28 DMA: WGO
- Up against rising trend line resistance: KDP
- Moderately overbought: $COFFEE, DNKN, JNPR, JO, KO, KR, LMT, MCD. RS, STLD, WEC, WU, YUM
- Overbought: BBY, CMI, FAST, IAU, IQV, PPLT, SMG, UL
- Extremely overbought: SIVR
- Toppy: EWI, GOLD, GLW, GOLD, $HGX, LOW, NDAQ, MTH, SMH, $SPX, THO, TROW, VGK, $XAU, YETI
- Break out either way on the way: ALEX, BA, BNS, CAR, CVS, ETN, FLR, PPG, RGLD, SIRI, SWK, WBA, WYND
- 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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