- Yi: + 71.61
- Attempting to bottom out: $LUMBER, $PLAT, QID
- Oversold: SPXU
- Moderately oversold: $COFFEE
- Trying to hold some rising trend line support: DE
- Attempting to hold the 28 DMA: USB, WEAT
- Attempting to hold the 65 DMA: $CRB, KLIC, KR
- Up against the 65 DMA: ETN, YUMC
- Up against the 28 DMA: CFVI, CIEN, CLX, FLO, KMB, MGA, TKR
- Up against some falling trend line resistance: $COPPER, CUT, GIS, IVW, MAIN
- Moderately overbought: COIN, FB, HOOD, NDAQ, O, OMC, PPG, TROW, TUP, UYG, VFC, VGK, VOT, XMMO
- Overbought: GEF, $INDU, IYJ, LIN, $NDX, NOBL, $NYA50R, PAYX, QLD, QQQ, SDY, $SPX, TXN, WOLF, XLK
- Toppy: AVGO, IVW, JNPR, TSLA
- 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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