- Yi: +61.8 (hbi?)
- Attempting to bottom out: BIDU, FLR
- Moderately oversold: BA
- Attempting to hold the 28 DMA: CANE, CORN, $SUGAR
- Attempting to hold the 65 DMA: JO
- Up against the 65 DMA: $SPX, VOX
- Up against the 28 DMA: HA, V
- Up against some falling trend line resistance: IQV, WBA
- Up against rising trend line resistance: DBI, LBAI, SCHW, TILE, TSN
- Moderately overbought: CAR, GILD
- Overbought: RGR
- Toppy: TROW
- 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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