- Yi: +32.23
- Attempting to bottom out: B, BEN, BMY, CAT, CIEN, GILD, GOLD, GPC, GS, HPE, $INDU, INTC, IQV, IYE, JNJ, KMB, LIN, LMT, MANT, MCO, MDC, MMC, NOV, NVS, PM, RYE, SDY, SIL, STX, SU, SWK, SYY, UGP, UYG, VGK, VNO
- Average oversold: JNJ, JNPR, MAIN, MMC, WBA
- Moderately oversold: BCO, $CRB, CVS, EMR, EWI, $GASO, $GOLD, IWM, MMM, MU, $PLAT, QRTEA, SCHD, SLV, SWK, TSN, UGA, WDC, WHR, $WTIC, XRX
- Trying to hold some rising trend line support: JWN
- Trying to hold some falling trend line support: AU, CLX, CSIQ
- Attempting to hold the 65 DMA: BABA, ETN
- Attempting to hold the 28 DMA: BAL, $COPPER, ETCG, IP, $SUGAR
- Up against some falling trend line resistance: AHH
- Up against rising trend line resistance: CL
- Moderately overbought: SPXU
- Extremely overbought: PINS
- Toppy: TUP
- A break out either way is setting up for: AEO, SFTBY
- 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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