- Yi: +76.55
- Attempting to bottom out: A, COIN, VOT
- Extremely oversold: ETCG, YETI
- Oversold: BITQ, NDAQ, TROW
- Moderately oversold: CG, IQV, IVW, MMC, $NDX, NIB, QLD, QQQ, TXN, VOT
- Trying to hold some rising trend line support: GS, WOLF, XLK
- Attempting to hold the 28 DMA: AMAT, FLR, HD, KLIC, M, MDC, QSR, $SPX
- Attempting to hold the 65 DMA: ALEX, JNPR, YUM
- Up against the 28 DMA: UNG
- Up against some rising trend line resistance: D, FLO, $LUMBER
- Moderately overbought: GIS, MRK
- Toppy: HAP, SDY
- A break out either way is setting up for: PAG
- 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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