- Yi: +44.33
- Attempting to bottom out: CLX, RGR, STMP
- Moderately oversold: WSO
- Attempting to hold the 28 DMA: $BTCUSD, $SUGAR
- Up against falling trend line resistance: KMB
- Up against rising trend line resistance: AVGO, BMY, $NDX, QQQ
- Moderately overbought: AKAM, CSIQ, IBM, LPL, MAIN, $NDX, PYPL, TROW, WFC
- Overbought: TSLA
- Extremely overbought: CLF, EWI, FCX
- Toppy: CLF, $CRB, DAL, EWA, FCX, JWN, NCR, PNC, SEE, SPWR, TPR, VFC, $WTIC, YYY
- A break out either way is setting up for: NSC
- Anything posted here 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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