- Yi: +63.05
- Moderately oversold: $LUMBER
- Trying to hold some rising trend line support: CBRL, CL
- Attempting to hold the 65 DMA: IBM, RGLD
- Attempting to hold the 28 DMA: CL
- Up against the 28 DMA: CSX, IRBT
- Up against the 65 DMA: BBL, ITW, WGO
- Up against some falling trend line resistance: CMI, CPRI, IR, IWM
- Up against rising trend line resistance: SCHW, TROW, UGA
- Moderately overbought: AVGO, BEN, CAR, CG, DBA, FRDM, MTSI, MU, TXN, VOT, XLNX
- Overbought: JO
- Toppy: MCHP, MRVL
- A breakout either way is setting up for: JNPR, LMT
- 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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