- Yi: +72.8
- Attempting to bottom out: APD, BEN, FB, ITW, MTH, ORCL, VFC
- Trying to hold some rising trend line support: OIL
- Up against the 65 DMA: CSX, DBI, HRL, $LUMBER, SPWR, VLY
- Up against the 28 DMA: AEM, ALEX, FLR, MED, MGA, SIL, YUM
- Up against some falling trend line resistance: HNI
- Up against rising trend line resistance: DE
- Moderately overbought: ALV, AMP, AU, CVY, GOLD, HA, JO, MAN, NIB, NTR, PEG, PRU, STX, TD
- Overbought: AFL, OMC, MET
- Toppy: ADM, AFL, BNS, MET, $UST30Y
- A break out either way is on the way for: DWAC, UUP
- 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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