- Yi: +69.43
- Trying to bottom out: AEO, NYCB
- Moderately oversold: HD, $HGX, MAN, MDC
- Trying to hold some rising trend line support: ALEX, BNS, CSCO, $HGX, TUP, $UST30Y
- Trying to hold some falling trend line support: WHR
- Attempting to hold the 28 DMA: A, ALEX, BNS, QSR, TD, USB, VGK
- Attempting to hold the 65 DMA: A, AGX, GS, IR, MAIN, RGR, TUP
- Up against some falling trend line resistance: CANE
- Moderately overbought: $CRB, DBA, OIL, SOYB, XLE
- Toppy: CORN, NEM, USOI
- A break out either way is setting up for: BGS, IBM, MANT, NFLX, PPLT, YYY
- 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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