- Yi: +70.67
- Trying to bottom out: ALEX, BABA, FAST, GEF, GILD, HD, $HGX, IR, KLIC, KMB, LIN, MDC, MMM
- Extremely oversold: FB
- Moderately oversold: GPC, MRK, UUP, YYY
- Trying to hold some rising trend line support: BAL, MRK, WHR
- Trying to hold some falling trend line support: ETN, ITW
- Up against the 65 DMA: IWM
- Up against the 28 DMA: BITQ, CBRL, GS, $INDU, NVS, RGR
- Up against some rising trend line resistance: DE
- Moderately overbought: BITO, BITW, BMY, $BTCUSD, GBTC, HAP, IYG
- Overbought: MS, SOYB
- Toppy: $CRB, IYE, RYE, UGA, USOI, $XOI, XOM
- A break out either way is setting up for: BEN, CANE, CSCO, MAIN, YUM
- 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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