- Yi: +62.77
- Possible bottom here for: QID
- Attempting to hold the 28 DMA: AMAT, BAC, WBA
- Attempting to hold the 65 DMA: BBY, HA
- Up against the 65 DMA: GLD, IAU
- Up against the 28 DMA: CMI
- Up against some falling trend line resistance: MANT
- Moderately overbought: AA, BBL, BMY, CANE, CC, CL, GDX, GF, $GOLD, IP, MTH, WEAT
- Overbought: CG, D, KDP, PPG, RGLD, VGK, WEC, WOOD, WSO, WY
- Toppy: A, CAR, CC, DE, $DJW, FL, HPQ, IYJ, LIN, MCO, MGA, NOW, PAG, PM, RY, TSN, VOT, VOX, YETI
- Possible top here for: GDDY, LOW, NDAQ, ORCL, QLD, QQQ, SCHX, $SPX, TPR, XLY, YYY
- A break out either way is setting up for: AIG, BIDU, PBI, VFC
- 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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