- Yi: +65.49
- Attempting to bottom out: $COFFEE
- Oversold: $COFFEE
- Trying to hold some falling trend line support: NIB
- Attempting to hold the 28 DMA: DBA, KHC
- Attempting to hold the 65 DMA: UUP
- Up against the 65 DMA: BITW, CAKE, GILD, GT, IQV, ITW, NEM, TKR, TPR, TTM, XRX, YUM
- Up against the 28 DMA: BITO, BITQ, GS, HA, IR, MS, VGK, VFC, XLK, YETI
- Up against some falling trend line resistance: GPC, $HGX, SLVO
- Up against some rising trend line resistance: PEG
- Moderately overbought: LIN, M, MCHP
- Overbought: CAR
- A break out either way is setting up for: GIS, KR
- 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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