- Yi: +71.12
- Moderately oversold: GIS, HRL
- Attempting to hold some rising trend line support: $BTCUSD
- Attempting to hold the 65 DMA: PFE
- Attempting to hold the 28 DMA: CVS, FLO, KODK, MKC, MRK, O, RGR
- Up against the 28 DMA: MU, NOV, TILE, $XOI
- Up against the 65 DMA: BIDU, EFV, HA, PBI
- Up against falling trend line resistance: AIG, CBRL, CVY, MDC, SCHW, SNA, TUP, UGA, VLY, WBA, WDC, WGO, XLE
- Up against rising trend line resistance: AMP
- Moderately overbought: BBY, CPRI, DBI, GME, IR, IWM, MTSI, $NYA50R, PRU, RY, SCHW, TPR, TSM, TUP
- Overbought: CSCO
- Toppy: CSCO, JNPR
- A break out either way is setting up for: BITW, CAR, HRB, IBM, ITW, NOBL, SCHD, $SUGAR
- 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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