- Yi: +63.65
- Oversold: CRUS
- Moderately oversold: CALM, CLX, CSIQ, FSLR, PBI
- Trying to hold some rising trend line support here: BABA, BWA, MDC, MGA
- Trying to hold falling trend line support: NIB
- Attempting to hold the 28 DMA: AMAT, PYPL, LIN, VLY
- Attempting to hold the 65 DMA: FRDM, GM, PPC, SMG
- Up against the 28 DMA: RRGB
- Up against the 65 DMA: B
- Moderately overbought: ALEX
- Overbought: LPI, SYY, UL
- Toppy: WFC
- A break out either way is setting up for: BA, BGS
- 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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