- Yi: +42.54
- Attempting to bottom out: APD, BABA
- Average oversold: AEM, GOLD, LOW, RGLD
- Moderately oversold: BGS, D, DBI, NDAQ, NEM, PEG, SIL, UL, WEC
- Attempting to hold the 28 DMA: A, BMY, CAR, HRL, IDA, ITW, O, WBA
- Up against the 28 DMA: LEN, WHR
- Up against falling trend line resistance: LEN, OLLI
- Up against rising trend line resistance: GM
- Moderately overbought: MOS, NKLA, $PLAT, TSLA
- Average overbought: ANF, KLIC, RY, TTM, YUMC
- Getting toppy: ATI, CANE, CLF, DE, GEF, IP, WOOD
- A break out either way is setting up for: BAL, BBY, CAKE, CAT, DRI, FCX, PYPL, RGR, SHAK, UGA, WSO
- 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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