- Yi: +39.2
- Attempting to bottom out: SPXU
- Moderately oversold: C
- Trying to hold some rising trend line support: ATI
- Attempting to hold the 28 DMA: AFL, CAKE, DAL, KO, PRU, TRV
- Attempting to hold the 65 DMA: AEO, CAR, FAST, NTR
- Up against falling trend line resistance: NTAP
- Up against rising trend line resistance: MCD
- Moderately overbought: CLX, CPB, HRL, KHC, KLIC, NFLX, PEP, PYPL, SHAK, YETI, YUM
- At the average overbought level: TROW
- Toppy: AKAM, AVGO, BABA, CL, KMB, QLD, QRTEA, TXN, VOT, XLK, XLY
- A break out either way is on the way for: RBGLY, RGR, WEAT, XRX
- 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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