- Yi: +62.6
- Possible bottom here for: OLLI
- Attempting to bottom out: BITQ, COIN, MDC, PCRFY, $PLAT, PPLT, VFC
- Oversold: BCHG
- Moderately oversold: DBA, NIB
- Attempting to hold some rising trend line support: AEO, CLX, HRB
- Attempting to hold the 65 DMA: JO, TROW
- Up against the 28 DMA: MAIN, MJ, $NYA50R, TSM
- Up against the 65 DMA: GLW, IYJ, MAN, QCLN
- Up against some falling trend line resistance: CC, EFV, $GASO
- Moderately overbought: AMAT, CSCO, HA, $INDU, KDP, MCHP, MCO, MS, NDAQ, QLD, QQQ, $SPX, UYG, VGK, VOT, VOX
- Overbought: IQV
- Toppy: BMY, TSN, NCR, NEM, ORCL, PAYX
- A break out either way is setting up for: CAKE, CUT, MTH, RGLD, SU
- 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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