- Yi: +64.38
- Attempting to bottom out: COPX, HD, WGO
- Oversold: DE, $HGX, MTH, QID, TUP
- Moderately oversold: BBY, CSX, CUT, IRBT, MDC, MED, MOS, TKR, TSN, WHR
- Attempting to hold some rising trend line support: CBRL, MS
- Attempting to hold the 28 DMA: AFL, AIG, AMP, CNK, GME, IP, IYG, PRU
- Attempting to hold the 65 DMA: BEN, TROW, UYG
- Up against the 28 DMA: VFC
- Moderately overbought: BAL, $COTTON, IQV, MRK
- Overbought: NTAP, PAYX
- Getting toppy here: A, IYE, JNPR, XOM
- Possible top here for: O, TAP
- A break out either way is setting up for: EFV, ETN, GPC, KLIC, MGA, REMX, SCHD, SDY
- 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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