- Yi: +68.21
- Attempting to bottom out at this level: WBA
- At the average oversold level: CALM, FLR, HBI, NIB
- Moderately oversold: BBY, C, DBA, GE, GT, MAN, $NYA50R, TAP, TUP, C, VLY, WFC
- Trying to hold some rising trend line support: CORN, FCX, KR, PM, PRU
- Attempting to hold the 65 DMA: AMAT, CC, IYE, UYG, XLE, $XOI
- Attempting to hold the 28 DMA: BGS, BITQ, IFN, IR
- Up against the 65 DMA: GLD
- Up against the 28 DMA: D and ETHE
- Up against some rising trend line resistance: AXP, ORCL, PEP, V
- Moderately overbought: AXP, CANE, CLX, HSY
- At the average overbought level: GOOG
- Extremely overbought: $NDX
- A break out either way is setting up for: BCHG, DE, ETCG, GBTC, MMC, NTAP, $PLAT, Z
- 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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