- Yi: +61.82
- Moderately oversold: AVGO, $BTCUSD, IRBT, MU, TSM, $USD
- Trying to hold some rising trend line support: WBA
- Attempting to hold the 28 DMA: AGX, DBI, EWI, MET
- Attempting to hold the 65 DMA: APD, BITW, CAR, GBTC, HRB, KLIC
- Up against the 65 DMA: GME
- Up against some rising trend line resistance: GIS, SOYB
- Moderately overbought: IDA, NVS, WU
- Overbought: PFE
- Toppy: ADM, AFL, CG, $INDU, NTAP, OMC, PRU, WSO
- Possible top here for: CVY, GLW, HD, IP, MAIN, WOOD, WY
- A break out either way is setting up for: LPL
- 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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