- Yi: +43.85
- Trying to bottom out: CVS, OLLI
- Oversold: WBA
- Moderately oversold: PFE, RGLD
- Trying to hold rising trend line support: BNS, QRTEA
- Attempting to hold the 28 DMA: AEM, BCO, BNS, CPB, JPM, KMB, NCR, PPC, TSN
- Attempting to hold the 65 DMA: BGS, HD, JNJ, RBGLY, UNG
- Up against the 65 DMA: $GOLD
- Up against rising trend line resistance: ADM, BABA, CAT, PPG, SWK
- Moderately overbought: PINS, UBER, YUMC
- Overbought: FCX
- Extremely overbought: AVGO, NVDA
- Toppy: AKAM, CSIQ, JO, QCLN, TSLA
- Going parabolic: DE, $NDX, QLD, QQQ, XLK
- A break out either way setting up for: $GASO, MET, SFTBY
- 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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