- Yi: +71.54
- Attempting to bottom out: CPB, KHC, NEM, TAP
- Extremely oversold: OLLI
- Oversold: HRL
- Moderately oversold: GIS, IDA, MKC, TD
- Trying to hold some rising trend line support: CSX, HD, YYY
- Trying to hold some falling trend line support: GIS
- Attempting to hold the 28 DMA: BITQ, COIN, CSX, ETCG, FLO, HBI, UNH, YYY
- Attempting to hold the 65 DMA: CAR, TSN
- Up against the 65 DMA: VNO
- Up against the 28 DMA: QSR, SU
- Up against falling trend line resistance: BEN
- Up against rising trend line resistance: ALEX, IQV, TROW, UNG
- Moderately overbought: PINS
- A break out either way is setting up for: APD, NSC, PEG, WEC
- 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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