- Yi: +39.13
- Attempting to bottom out: DBI
- Moderately oversold: HMC, MED, $PLAT, T, TTM, UBER, WFC
- Trying to hold some rising trend line support: TD
- Attempting to hold the 28 DMA: CVS, FLR, GM, KR, MCO, NTR, PRU, TAP, UYG, YUMC
- Attempting to hold the 65 DMA: FLR, JWN, KR, NCR
- Up against the 28 DMA: NEM, TSN
- Up against falling trend ;ine resistance: RGLD
- Moderately overbought: LPL, NDAQ, PAYX, TSLA
- Average overbought: MSI
- Toppy: CPB, DE, FSLR, GS, HD, IRBT, NFLX, PEP, PINS, PYPL, QCOM, SFIX, SWK
- A break out either way is on the way for: ANF, $CRB, FLO, GDX, GFI, IDA, LMT, Z
- 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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