- Yi: +37.2
- Trying to bottom out: GILD, WDC
- Moderately oversold: MRVL, NTAP
- Trying to hold the 28 DMA: HA, KLIC, NDAQ, XOM
- Trying to hold the 65 DMA: O, PM, REMX
- Up against rising trend line resistance: CANE
- Moderately overbought: $BTCUSD, $UST30Y
- Going parabolic: BBY
- Break out either way on the way: BA, BYND, CAR, CBRL $COTTON, $INDU, INTC, MAIN, RYE
- 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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