- Yi: + 64.6
- Attempting to bottom out: STX, TXN
- Moderately oversold: AGX, AVGO, SPWR, TROW
- Trying to hold some rising trend line support: VALE
- Attempting to hold the 28 D.M.A.: NDAQ
- Up against the 65 D.M.A.: PAG, XMMO
- Up against the 28 D.M.A.: GS, JNPR, YUMC
- Up against rising trend line resistance: $COTTON, NEM, NTR
- Moderately overbought: CAT, CBRL, CC, UGA, $WTIC
- Overbought: DE, TAP
- Toppy: AVAV, CPB, FLO, HRL
- Has gone parabolic: UNG
- A break out either way is setting up for: BWA, GT, MCHP, RY
- 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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