- Yi: +37.18
- Attempting to bottom out: AHH, AMAT, AVAV, B, BCO, BRKS, CALM, CIEN, CPB, DBI, GE, IWM, JWN, MCHP, MJ, NKLA, REMX, RYE, T, TAP, TROW, UNG, WBA, WU
- Oversold: IDA, MAN
- Moderately oversold: BGS, CNK, GOOG
- Attempting to hold the 65 DMA: AMZN, M, WEAT
- Attempting to hold the 28 DMA: CAR, CLF, CMG, DIS, JO
- Up against the 28 DMA: BBY
- Up against the 65 DMA: $BTCUSD
- Up against falling trend line resistance: MDC
- Moderately overbought: ORCL, NTR, NVS
- Overbought: CORN, SOYB
- Break out either way on the way: BNS, CANE, CTB, $DJW, EBAY, IQV, MKC, NIB, NOW, QCOM, SLV, TD
- 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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