- Yi: +63.51
- Oversold: KMB
- Moderately oversold: CPB, GIS, HRL, LMT
- Trying to hold some rising trend line support: MMM
- Attempting to hold the 28 DMA: KHC, MRK
- Attempting to hold the 65 DMA: PEG, YUM
- Up against the 28 DMA: AVAV, IYE, KODK, NOV, RYE, SU, $XOI
- Up against the 65 DMA: BEN, HA, MJ, XLE
- Up against some falling trend line resistance: DE, IRBT, MTSI, TSM, TXN
- Up against some rising trend line resistance: CC, COPX, MDC, $HGX
- Moderately overbought: ATI, BNS, $COTTON, ITW, IWM, IYG, IYJ, MTSI, $NYA50R, VGK, VOT, WGO, XLNX
- Overbought: A, SOYB, YETI
- Extremely overbought: $LUMBER
- Toppy: BWA, CSX, KLIC, PPG, WEAT, WU
- A break out either way is setting up for: CAT
- 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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