- Yi: +61.59
- Attempting to bottom out: BGS
- Moderately oversold: CSIQ, HRL, UIS
- Attempting to hold some rising trend line support: MRVL, NOV
- Attempting to hold the 65 DMA: TAP, WBA
- Attempting to hold the 28 DMA: BA, CLX, CPB, DAL, GIS, NEM
- Up against the 28 DMA: GS
- Up against the 65 DMA: B, M, QRTEA, UGA
- Up against rising trend line resistance: $INDU, MMM
- Moderately overbought: AAPL, BBY, KR, KSS
- Overbought: MMC, NDAQ
- Toppy: IQV, GOOG, STX
- A break out either way is setting up for: APD, AVAV, AVGO, $BTCUSD, C, CIEN, IWM, JACK, MGA, WU
- 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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