- Yi: +36.92
- Trying to bottom out: RSX
- Oversold: M, KSS, NKLA
- Moderately oversold: NTES, TPR
- Trying to hold rising trend line support: CPRI, GILD
- Trying to hold falling trend line support: GBTC
- Up against the 28 DMA: AAPL, AEM, AXP, BEN, CPB, FAST, HD, HSY, IBM, IQV, $INDU, JNJ, $NDX, NFLX, PFE, ROK, $SPX, XLK
- Up against the 65 DMA: KR, NTAP
- Up against falling trend line resistance: BEN, MTSI
- Up against rising trend line resistance: CORN, WEAT
- Moderately overbought: A, HAS, NCR, QCLN
- Overbought: BYND, HRB
- Toppy: DRI
- Break out either way on the way: CAKE, HBI, ORCL, $VIX
- 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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