- Yi: +62.7
- Attempting to bottom out: CIEN, CMI, MRVL
- Oversold: MU
- Moderately oversold: AMAT, AVGO, MCHP, MRVL, OLLI, TSM, TXN, XLNX
- Trying to hold some rising trend line support: $NDX, QLD, QQQ, V, VOT, WDC
- Trying to hold some falling trend line support: BGS
- Attempting to hold the 28 DMA: MGA, MOS, NTAP, WU, XLY
- Attempting to hold the 65 DMA: $SPX
- Up against the 65 DMA: KMB
- Up against some falling trend line resistance: AEM, AU, CL
- Up against some rising trend line resistance: BEN, IDA, PPLT, RS
- Moderately overbought: LBAI, NOV, TAP, WOR
- Toppy: PM, RY, TPR, YUM
- A break out either way is setting up for: MET
- 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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