- Yi: +68.93
- Attempting to bottom out: BITW, ETHE, LTCN
- Extremely oversold: CNK
- Moderately oversold: CPB, ETCG, $HGX, MKC
- Attempting to hold some rising trend line support: FAST, NTAP, PING, TROW, WGO
- Trying to hold some falling trend line support: KHC, TSN
- Attempting to hold the 65 DMA: CLX, IR, MMC, WY, YUM
- Attempting to hold the 28 DMA: CG, CUT, YYY
- Up against the 28 DMA: AGX, GOLD, MOS, WU
- Up against the 65 DMA: KDP
- Up against some falling trend line resistance: CBRL
- Up against some rising trend line resistance: TSM, TXN
- Moderately overbought: $CRB, TSM, TXN
- Toppy: REMX, UNH
- A break out either way is setting up for: BNS, MCO, RS
- 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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