- Yi: +60
- Attempting to bottom out: AGX, AMAT
- Oversold: CBRL, MRVL, VOT
- Moderately oversold: CAKE, CAR, CIEN, CLX, GLW, HD, IR, JACK, KMB, MAIN, $NYA50R, NYCB, O, V, VFC, VOX, WDC, WGO, WU, XRX
- Attempting to hold the 28 DMA: AEO, AFL, AMP, ATI, BWA, CSX, EFV, JNPR, MCO, MET, ORCL, PAG, STX, UYG. WEC, VGK, WHR, YUM
- Attempting to hold the 65 DMA: CG, CUT, CVY, DBA, IBM, IQV, IYG, OIL, OMC, PPG, TKR
- Attempting to hold some rising trend line support: CAKE, CG, COPX, JO, LMT, MCO, MMC, MS, NTAP, PRU, SOYB, TKR, WBA, YETI
- Up against the 65 DMA: $USD
- Up against some rising trend line resistance: TSN
- Moderately overbought: $UST30Y
- 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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