- Yi: +68.86
- Trying to bottom out: CAKE
- Oversold: NCR
- Moderately oversold: JACK, SOYB
- Trying to hold some rising trend line support: MANT
- Attempting to hold the 28 DMA: BITW
- Attempting to hold the 65 DMA: FCX, GBTC
- Up against the 65 DMA: RGR
- Up against some falling trend line resistance: BEN
- Up against some rising trend line resistance: GOLD, MMC, MRVL
- Moderately overbought: FAST, IR, KR, STX, TROW, UIS, UNH
- Overbought: ETN, PFE
- Toppy: CPRI, YETI
- A break out either way is setting up for: DBA, O
- 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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