- Yi: +44.04
- Trying to bottom out: AEM, AU, GOLD, MCO, NEM, RBGLY, RGLD, SIL
- Oversold: $GOLD, HRL
- Moderately oversold: NVDA, RGR
- Trying to hold rising trend line support: BBY
- Up against the 28 DMA: APD, BABA, HBI, INTC, MKC
- Up against falling trend line resistance: JNPR, MSI, ORCL
- Up against rising trend line resistance: AXP, GLW, $INDU, MMM, SPWR
- Moderately overbought: AVGO, BEN, CAT, CC, CIEN, $GASO, GT, IDA, KHC, MOS, MRVL, MTSI, ROK, TSN, UIS, UGA, UYG, WDC
- Overbought: AFL, B, BBL, C, CBRL, CLF, CNK, CVY, DAL, DBI, ETN, FCX, FLR, GS, HPE, IBM, IP, IYE, IYG, JPM, KSS, MCHP, MET, MMM, MS, NCR, NTR, OMC, PNC, PRU, RY, RYE, STX, SU, TD, VFC, VOX, WFC, WOOD, $WTIC, XOM, YYY
- Extremely overbought: CPRI, JWN
- Toppy: AHH, AIG, ANF, ATI, AMAT, AVAV, BCO, $COTTON, DE, ETN, FLR, GBTC, GM, IWM, MGA, NOV, NTAP, REMX, SNA, SWK, WYND
- A break out either way is setting up for: KO, MRK, NSC
- 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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