- Yi: +61.63
- Moderately oversold: BGS, SPWR
- Attempting to hold some rising trend line support: APD, IYE
- Attempting to hold the 28 DMA: AGX, BMY, GILD, JNJ, MRK, $USD, UUP, WOR
- Attempting to hold the 65 DMA: CAT, CC, EWI, GIS, HPE, MANT, MKC
- Up against the 65 DMA: BAL, $COTTON, JO, MS
- Up against the 28 DMA: $SUGAR
- Up against some rising trend line resistance: NCR
- Moderately overbought: CORN, $GOLD, SIL, Z
- Overbought: ORCL, WOOD
- Toppy: CVY, KDP, MRVL, O, PG, PINS, VOX, YUM, YYY
- A break out either way is setting up for: D, GEF, GT, MCHP, MJ, MTSI, NTAP, OMC, TSLA, $UST30Y, $WTIC
- Anything posted on these pages 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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