- Yi: +76.72
- Attempting to hold some rising trend line support: $LUMBER
- Attempting to hold the 28 DMA: PFE, XMMO
- Attempting to hold the 65 DMA: AVGO, JNPR
- Up against the 65 DMA: $COFFEE, SPXU
- Up against falling trend line resistance: GLW, GT, HBI
- Up against rising trend line resistance: D, HNI, MKC, WHR
- Moderately overbought: AIG, ALV, BWA, CAT, CBRL, CMI, COPX, CVY, DE, EMR, HAP, IP, IYE, KHC, KR, LBAI, MET, PHG, SNA, SOYB, STLD, SU, TAP, TKR, USB, $UST30Y, VLY
- Overbought: AFL, AMP, BBL, CC, IBM, OMC, PM, RY, SDY, TSN
- Toppy: ADM, AFL, CAT, IBM, JACK, MGA, NUS, PPG, TD, TKR, TSN, $XOI, XOM, XRX
- A break out either way is setting up for: BABA
- 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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