- Yi: +39.17
- Attempting to bottom out: CALM, PCRFY
- Moderately oversold: HMC, LIN, O, T, TD, TTM
- Trying to hold some rising trend line support: AMAT, AMZN
- Attempting to hold the 28 DMA: AKAM, AMZN, KO, KODK, MAN, MJ, PNC, RY, SCHH, TRV, YYY
- Attempting to hold the 65 DMA: BRKS, KOL, PNC, PRU, SIRI, TTM
- Up against falling trend line resistance: FLR
- Up against rising trend line resistance: ETN
- Moderately overbought: AVAV, SCHW, UIS, YUM
- At the average overbought level: BBY, FIZZ, IP, YETI
- Toppy: BBBY, BGS, DNKN, HSY
- A break out either way is on the way for: DRI, FL, GLD, IAU, IRBT, SYY, WYND, $XAU, XRX
- Anything posted on these pages 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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