- Yi: +37.6
- Attempting to bottom out: NKLA
- Oversold: MED
- Moderately oversold: HPE, MMC, TUP
- Trying to bottom out: AEO, ETCG, GILD, GOLD, T
- Trying to hold some rising trend line support: KMB, VFC
- Attempting to hold the 28 DMA: BGS, CPB, IRBT, NCR, NUS, SHAK, STMP
- Attempting to hold the 65 DMA: BYND, CLX, MSFT
- Up against rising trend line resistance: $COPPER
- Moderately overbought: EMR, FLR, MMM, MU, $UST30Y
- At the average overbought level: BCHG, CAR, GM, PBI
- Toppy: BBY, CAKE, CAT, $COTTON, IP, MS, PEG, TPR, WEAT, WOR
- A break out either way is setting up for: CMI, DAL, GLW, LIN, NTS, TSM, Z
- 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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