- Yi: +38.8
- Trying to bottom out: AU, CNK, ETCG, GBTC, LYFT, MRK, NOV, NTES
- Up against the 28 DMA: CIEN, JNPR, KHC
- Up against the 65 DMA: LIN, NKLA
- Up against falling trend line resistance: AFL, AVAV, FLR, GT, TRV
- Up against rising trend line resistance: D, MRVL, SFIX, TKR, TPR, UPS
- Moderately overbought: AVAV, BCO, EMR, ETN, FCX, GM, GT, HBI, IDA, IQV, ITW, IYJ, MET, MOS, MSI, NFLX, $NYA50R, OLLI, PBI, PM, PRU, QCOM, RY, TSM, $UST30Y
- Average overbought: BYND, GLW, IBM, IWM, MGA, PAG, QCLN, SFTBY, $SUGAR, SWK
- Extremely overbought: SPWR
- Toppy: A, CLF, CORN, BYND, CMI, CSIQ, SPWR, STMP
- A break out either way is on the way for: CBRL, MKC, PCRFY, TSN
- 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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