- Yi: +37.25
- Attempting to bottom out: CNK, ETCG, HA
- Moderately oversold: JO, UBER
- Attempting to hold the 28 DMA: AEM, ANF, BCO, LPL, Z
- Trying to hold rising trend line support: BGS, BYND
- Trying to hold falling trend line support: MED
- Up against falling trend line resistance: BA, BMY, $COPPER, CVS, EMR, INTC
- Up against rising trend line resistance: A, ADM, BABA, CANE, CLF, CORN, IRBT, WEAT
- Moderately overbought: AVAV, CAR, CG, GE, GM, JACK, MMM, MS, MTSI, MU, NTAP, PFE
- At the average overbought level: CAT, WEC
- Toppy: BEN, CL, DE, DFS, ETN, FLO, HD, IP, ITW, LOW, MCD, MDC, MTH, PPG, ROK, TROW, WEN, WHR
- A break out either way is on the way for: CSIQ, $GOLD, GPC, $PLAT, SOYB, WYND
- 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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