- Yi: +40.25
- Attempting to bottom out: JNPR, KOLD
- Moderately oversold: $BTCUSD, CIEN, CLX, CVS
- Trying to hold rising trend line support: NEM
- Attempting to hold the 28 DMA: GBTC, SNA
- Attempting to hold the 65 DMA: MGA
- Up against rising trend line resistance: $CRB, SPWR
- Moderately overbought: CAR, CORN
- Overbought: BABA, DNKN. NTES
- Toppy: ETN, MSI, PG, SHAK
- Going parabolic: DE, GOOG
- Break out either way on the way: RS
- 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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