- Yi: +68.2
- Trying to bottom out: AMAT, TSM
- Extremely oversold: BABA
- Oversold: APD, $COPPER, NUS
- Moderately oversold: ALV, AVAV, AVGO, CIEN, MMM, MTSI, NCR, PCRFY, SNA, TXN, UNG, USOI, WGO, WHR
- Trying to hold some rising trend line support: BEN, MCHP, PRU, STLD, TUP
- Attempting to hold some falling trend line support: ATI, FL, GPC
- Attempting to hold the 28 DMA: ADM, AEO, ALEX, BITQ, COIN, GEF, ITW, JO, NDAQ, NOBL, PAG, RY, TROW, YYY
- Attempting to hold the 65 DMA: DE, GS, MAN, MS, MTH, NSC, NYCB, PAYX, PM, PRU, RGR, SCHW, STLD
- Up against the 28 DMA: JACK, SPXU
- Up against some falling trend line resistance: JACK
- Moderately overbought: JNPR
- Extremely overbought: KR
- Toppy: CANE, IDA, PFE, $SUGAR
- Going parabolic: A
- 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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