- Yi: +36.9
- Trying to bottom out: CNK
- Oversold: MU, WDC
- Moderately oversold: BIDU, LYFT
- Attempting to hold the 28 DMA: NDAQ, QRTEA, WBA
- Attempting to hold the 65 DMA: REMX, UIS
- Up against the 65 DMA: MCO
- Up against rising trend line resistance: CANE, MRK, NVDA
- Moderately overbought: $SUGAR, TSLA
- Extremely overbought: BBY
- Toppy: TTM
- Break out either way on the way: AEM, AVAV, BAL, BGS, $COTTON, INTC, KO, MDC, MJ, PAYX, PEG, TSM, $VIX, WEC, XLNX
- 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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