- Yi: +62.16
- Attempting to bottom out: APD, CIEN, GT, IP, MJ, OMC, RY, TD, TTM
- Oversold: CLX, FLO, STX
- Moderately oversold: DWAC, GIS
- Trying to hold some falling trend line support: KMB, STX
- Attempting to hold the 28 DMA: COPX, CSX
- Attempting to hold the 65 DMA: DE, $LUMBER
- Up against the 65 DMA: MCHP
- Up against some falling trend line resistance: LIN, MARA, MCHP
- Moderately overbought: SPWR
- Toppy: IYE, RYE, XLE
- Has gone parabolic: $GOLD
- 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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