- Yi: +75.37
- Oversold: TROW
- Moderately oversold: AVGO, LIN, $USD
- Trying to hold some rising trend line support: BEN, $INDU, IWM
- Trying to hold some falling trend line support: MMC, NDAQ, XMMO, YETI
- Attempting to hold the 28 DMA: CBRL, CSCO, GILD, JACK, JNPR, NOBL
- Overbought: MGA
- Toppy: BNS
- A break out either way is setting up for: ALEX
- 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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