- Yi: +37.82
- Attempting to bottom out: CNK, $SUGAR, UGA, WOR
- Moderately oversold: JO, KR
- Attempting to hold the 65 DMA: FLO
- Attempting to hold the 28 DMA: $VIX
- Up against the 28 DMA: AIG, AMP
- Up against the 65 DMA: PFE
- Up against falling trend line resistance: AHH, PBI, SFTBY, TSN
- Up against rising trend line resistance: DAL, O, TKR
- Moderately overbought: AEM, CC, $COTTON, D, HA, MU, PM, TPR, WYND
- Overbought: AEO, FL, GPC, PPG, SYY, UBER
- Toppy: ADM, CPRI, DE, LPL, SOYB
- Break out either way: BBY, BNS, CL, KDP, LIN, MS, STMP, WY
- 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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