- Yi: +69.88
- Attempting to bottom out: A, APD, BEN, CSCO, HD, ITW, LBAI, MDC, MRK, NDAQ, ORCL, PPG, TXN, VFC, YUM, YYY
- Moderately oversold: CVS, IBM, O, PFE
- Trying to hold some rising trend line support: AEO, ETCG
- Trying to hold some falling trend line support: IQV
- Attempting to hold the 28 DMA: AIG, $COPPER, $COTTON, EMR, LMT, MS, PPLT, USOI
- Attempting to hold the 65 DMA: IYE, RYE, XLE, XOM
- Up against the 28 DMA: CSX
- Up against some falling trend line resistance: SNA
- Moderately overbought: AU, $GOLD, TAP
- Overbought: PM
- Toppy: $CRB, $GASO, UGA, $WTIC, $XOI
- A break out either way is setting up for: AVAV, KHC
- Anything posted on these pages may ne 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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