- Yi: +41.3
- Attempting to bottom out: IYE, MJ, XOM
- Moderately oversold: AVAV, CIEN, PEG
- Attempting to hold the 65 DMA: CMI, GLW, $HGX, LEN
- Attempting to hold the 28 DMA: KMB, MGA, MTH, SFIX
- Up against the 28 DMA: MMC
- Up against the 65 DMA: IAU, QRTEA
- Up against falling trend line resistance: AXP, BCO, BNS, BYND, DFS, SLV
- Up against rising trend line resistance: $COPPER, $CRB, IYJ
- Moderately overbought: AKAM, ANF, CAT, CORN, DAL, $UST30Y, WEAT
- Overbought: MSFT, PYPL
- Toppy: DE, NTES, QQQ, RY, TD
- Break out either way on the way: AHH, BA, BEN, BWA, DLPH, EMR, GE, FLR, IDA, IR, KHC, LBAI, MAN, MANT, RGLD, ROK, RSX, SU, T, TAP, TKR, TPR, WOR, WU
- 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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