- Yi: +32.08
- Trying to bottom out: MJ, SFIX, $UST30Y
- Moderately oversold: GILD, IRBT, MCHP, NVS
- Trying to hold the 28 DMA: AGX, AVAV, BMY, BNS, BRKS, DIS, LPL, NTAP, NTES, PINS, TD, VOX
- Trying to hold the 65 DMA: GS, MS, PEG, SU
- Trying to hold rising trend line support: JNJ
- Moderately overbought: CAKE
- Break out either way: $GASO, IR, IP, MAN, XOM
- 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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