- Yi: +63.64
- Attempting to bottom out: CVY, GLW, GT, JP, MGA, MJ, NDAQ, NYCB, TROW, TSN, YYY
- Moderately oversold: NIB, USOI, $WTIC, XOM
- Trying to hold some rising trend line support: SIL
- Attempting to hold the 28 DMA: DBA, $GASO, $GOLD, JJN, LMT, SLV, SOYB, SU, UV, VALE
- Attempting to hold the 65 DMA: ADM, CORN, $SUGAR
- Up against the 65 DMA: CMI, FB
- Up against the 28 DMA: AFL, AMP, CC, CG, CUT, HD, IBM, $INDU, IP, IVW, RY, $SPX, VFC
- Up against some falling trend line resistance: A, AMAT, AVGO, $BTCUSD, CG, CSCO, DBI, IQV
- Up against some rising trend line resistance: HRB
- Moderately overbought: BMY
- 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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