- Yi: +60.59
- Moderately oversold: LYFT
- Attempting to hold some rising trend line support: NUS, PAG, SPWR
- Attempting to hold the 28 DMA: AVAV, BNS, C, GE, GEF, PAG, PPG, TGS, VLY
- Attempting to hold the 65 DMA: JNPR, PFE
- Up against the 28 DMA: BBL, XRX
- Up against some rising tremd line resistance: UL
- Moderately overbought: ANF, CG, DFS, KDP, PEG, PRU, TROW, VOX
- Overbought: MAIN, NVDA, PING
- Toppy: DBI, HRB, LPL, TGT
- A break out either way is setting up for: AHH, GS, IBM, $INDU, MET, PPC, REMX, SNA
- 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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