- Yi: +40.13
- Attempting to bottom out: ETCG, NKLA
- Moderately oversold: BABA, MOS
- Trying to hold some rising trend line support: $VIX
- Attempting to hold the 28 DMA: $UST30Y
- Up against the 65 DMA: ANF, BBL, $CRB, KDP, TGT, UGA, WY
- Up against the 28 DMA: TROW, $WTIC
- Up against falling trend line resistance: AFL, AU, BBL, CG, CW, NOBL, PPLT, SCHX, $SPX, TD
- Up against rising trend line resistance: BBY, BNS, QRTEA
- Moderately overbought: AMP, AVGO, BNS, CORN, CVS, EWI, HD, $HGX, $INDU, IYJ, LIN, MAN, MANT, MCHP, MCO, MET, MJ, MS, MSFT, MTSI, MU, NOBL, NOW, NTES, NVDA, QLD, RY, SCHD, SCHX, SOYB, $SPX, STX, SWK, TSM, TXN, UBER, VGK, XLK, XLNX, XLY, YUM, YUMC
- Average overbought: A, AMAT, APD, BIDU, GOLD, GOOG, PAYX, QCOM
- 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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