- Yi: +69.4
- Attempting to bottom out here: MGA, RGR, TTM, WDC
- Moderately oversold: CAKE, NSC
- Attempting to hold some falling trend line support: MKC
- Attempting to hold the 65 DMA: QSR
- Attempting to hold the 28 DMA: CSX, TROW, VLY
- Up against the 28 DMA: ADM, AVAV, IWM, MTSI, SLV, TILE, TPR
- Up against the 65 DMA: CC, MJ, NUS, TD, TKR, TSN
- Up against some rising trend line resistance: IDA, VOT, XLNX
- Moderately overbought: BMY, CUT, GILD, MTH, NIB, NYCB
- At the average overbought level: PFE
- A break out either way is on the way for: ETCG, $INDU, ORCL
- Anything posted 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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