- Yi: +61.7
- Trying to bottom out: COIN, MU
- Moderately oversold: BBL, BBY, $HGX, KMB, MDC, PAG, PPLT, TPR, WEAT, WHR, WOR
- Trying to hold some rising trend line support: BCO, BEN, CPRI, SOYB, TD, VFC
- Attempting to hold the 28 DMA: $CRB, CUT, DBI, EMR, ETN, FAST, LTCN, MOS, NVS, USB
- Attempting to hold the 65 DMA: GS, IYE, IYG, LBAI, MTH, NOV, RYE, $XOI
- Up against the 28 DMA: AMAT, AVGO, VOX
- Up against the 65 DMA: A, CBRL, SPWR, $SPX
- Overbought: CVS
- Toppy: AU
- A break out either way is setting up for: CNK
- 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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