- Yi: +60.6
- Moderately oversold: BIDU, BWA, CAR, ETHE
- Trying to hold some rising trend line support: MKC, RGR
- Attempting to hold the 28 DMA: $COFFEE, GLW, HNI, MET, MU, TD
- Attempting to hold the 65 DMA: $LUMBER
- Up against the 28 DMA: HRL
- Moderately overbought: DBA
- Overbought: KHC
- A break out euther way is setting up for: BAL, LMT
- 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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