- Yi: + 66.87
- Oversold: NFLX
- Moderately oversold: PFE, VALE
- Trying to hold some rising trend line support: $COFFEE
- Attempting to hold the 28 DMA: COPX, CSX, $GASO, $GOLD, OIL
- Attempting to hold the 65 DMA: CANE, GOLD, HBI, NEM, SLV, SPXU
- Up against the 65 DMA: IYJ, TPR, USB, VGK
- Up against the 28 DMA: AVGO, BEN, ETN, $HGX, ITW, IYG, MDC, MTH, MU, NYCB, ORCL
- Up against some falling trend line resistance: CMI, $HGX, $INDU, IR, MMM, PPG, STX, XRX
- Up against rising trend line resistance: HRB
- Moderately overbought: AEO, CBRL, PAG, SNA, STLD, TKR
- Overbought: $UST30Y
- Toppy: DE, $USD, UUP
- A break out either way is setting up for: KR, T, $XOI
- Anything posted on these pages may be in error.
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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