- Yi: +35.65
- Attempting to bottom out: BBGI, $SUGAR
- Oversold: MJ, MTSI, RGR, STMP
- Moderately oversold: A, AAPL, BBY, CANE, CLX, GOOG, HD, IAU, IWM, LEN, LOW, MCO, MDC, MGA, MSFT, MTH, $NDX, NOW, OLLI, PYPL, QCLN, QLD, QQQ, RBGLY, RGLD, SFTBY, SLV, $SPX, UIS, VOT, WHR, XLK, XLNX
- Attempting to hold the 28 DMA: CSX, ETN, MRVL, NSC, NVDA, PG, TD, WOOD, XLY, Z
- Attempting to hold the 65 DMA: CSIQ, MCD, MSI
- Trying to hold rising trend line support: IQV, LIN, STX
- Trying to hold falling trend line support: MAT
- Up against falling trend line resistance: JWN, KSS
- Up against rising trend line resistance: LPL
- Moderately overbought: WYND
- Toppy: ADM
- 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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