- Yi: +63.89
- Attempting to bottom out: DBI, PAG
- Moderately oversold: CSX, IR, LIN, NIB, UNH
- Trying to hold rising trend line support: AFL, AIG, BMY, CMI, COPX, NOV, NSC, NYCB, TSN
- Attempting to hold the 65 DMA: IP, KHC, PRU
- Attempting to hold the 28 DMA: CAT, CVS, MED, NEM, PPG, QSR
- Up against the 28 DMA: BAL
- Up against some rising trend line resistance: NUS
- Moderately overbought: CORN, CSCO, DBA, KR, $NDX, PING, QLD, QQQ, SPWR, UL, V, VNO, XLK, YETI
- Overbought: CIEN, MRVL, ORCL, UIS, VOX
- Toppy: AMP, BEN, CIEN, $INDU, IYG, NDAQ, NTR, RY, SDY, UIS
- A break out either way is setting up for: $HGX, MANT, VLY, WOR, XLNX
- 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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