- Yi: +66.85
- Extremely oversold: MMM
- Moderately oversold: MS
- Attempting to hold some rising trend line support: TAP
- Attempting to hold some falling trend line support: ORCL
- Attempting to hold the 28 DMA: AFL, BITO, $BTCUSD, CANE, CSCO, JACK, PRU, RGR, TKR, TSN
- Attempting to hold the 65 DMA: EMR, $WTIC
- Up against the 28 DMA: YUM
- Up against some falling trend line resistance: SIL
- Up against some rising trend line resistance: BIDU, NTR
- Moderately overbought: CIEN, HNI, NUS, UNG
- Toppy: BMY, MU, STLD, YUMC
- A break out either way is setting up fpr: $CRB, IP, TTM
- 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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