- Yi: +69.28
- Attempting to bottom out: CORN, DBA, TD
- Up against some falling trend line resistance: BGS, CC, GLW, YETI
- Up against the 28 DMA: AMP, ATI, $COPPER, COPX, GLW, HRB, NTR, RY, SDY
- Up against the 65 DMA: AFL, APD, BEN, CVY, FCX, GEF, IRBT, KR, OMC, PRU, TUP, VNO
- Moderately overbought: AVGO, BBL, CUT, FL, NOW, O, OLLI, PBI, WHR, WY
- At the average overbought level: $INDU, PAYX, REMX
- Extremely overbought: PAYX
- Toppy: MSI, ORCL
- A break out either way is setting up for: AU, KDP, KHC
- 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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