- Yi: +69.5
- Attempting to bottom out: ADM, AEM, KHC, MKC, OMC
- Extremely oversold: LTCN
- Oversold: BABA, BIDU
- Moderately oversold: TTM
- Attempting to hold some falling trend line support: QID, SPXU
- Up against the 28 DMA: GEF, STX, $WTIC
- Up against the 65 DMA: DE, MRK, RY
- Up against rising trend line resistance: A, $NDX, QLD, QQQ, $SPX, $SUGAR
- Up against some falling trend line resistance: NIB, WHR
- Moderately overbought: AVGO, BITW, CVS, HD, $INDU, MDC, USOI, VOT, YETI
- At the average overbought level: MMC, NOW, YUM
- Toppy: BMY, MCO, MMC
- A break out either way is setting up for: AU, BNS, CC, DBI, KLIC, MMM, SLV, SLVO, TD, TROW, VXX
- 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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