- Yi: +36.38
- Attempting to bottom out: IYE, M, NOV, SU, $XOI
- Extremely oversold: XLE, XOM
- Oversold: PCRFY, RYE, UGP
- Moderately oversold: AA, BBL, MMM, NIB, PM, WDC
- Trying to hold some rising trend line support: CALM
- Attempting to hold the 65 DMA: CMG, $USD
- Up against the 28 DMA: BWA, CG, CC, $DJW, FSLR, GDDY, HSY, MGA, ORCL, $SPX, UYG
- Up against the 28 DMA: SCHX, VOX
- Up against the 65 DMA: GLD, IAU
- Up against falling trend line resistance: BRKS
- Moderately overbought: BBY, MDC, NOW, SCHW, SPWR, TSM, UBER
- Toppy: CRUS, CSIQ, DNKN, QCLN, TGT, VOT
- A break out either way is setting up for: BGS, CLX, COPX, MKC, PBI, TUP
- 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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